Author Archives: Jo McBride

First half profits up, assets down at Japan Post Insurance

Investment income at Japan Post Insurance in the first half of 2017/18 was 5.5% down year-on-year to 640.9 billion yen, reflecting a 2.11% drop in the value of its assets under management to 78,639.3bn yen, even as its net profits … Continue reading

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GPIF signs up Sony to study impact of AI on asset management

Sony Computer Science Laboratories will partner the Government Pension Investment Fund in studying how artificial intelligence can contribute to GPIF’s long-term asset management, according to an announcement on the Fund’s web site. In addition the tie-up will look on an … Continue reading

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GPIF’s vision may be clearer than conveyed in interview

Two articles in US publication Pensions & Investments, based on a 13 November interview with GPIF’s chief investment officer Hiromachi Mizuno, look at how GPIF hopes to use size as way to enhance beta and how it is helping overseas … Continue reading

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Companies setting up captive foundations to hold own shares

Excellent story on Bloomberg notes that companies are swerving round even the mild anti-cross-shareholding stipulation in the Stewardship Code — which states they should explain why they keep such arrangements — and continuing to ensure a compliant ownership base by … Continue reading

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GPIF to use artificial intelligence in managing assets from 2018

“The Government Pension Investment Fund is considering using artificial intelligence technology to manage its assets” according to a Jiji Press report in the Japan Times which relies solely on what unnamed “sources have said”. The article notes that “In the … Continue reading

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GPIF adding more firms to its transition managers roster

The Government Pension Investment fund is seeking an additional transition manager for the 21.98 trillion yen overseas bond portion of its 156.81tr yen portfolio according to an announcement — so far in Japanese only — on its web site. The … Continue reading

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Richest EPFs proving the most difficult to rehabilitate

The 2012 collapse of AIJ Investment Advisors rang the death knell for EPF-type (Kigyō Nenkin) retirement schemes (see archive 2012-10-24 AIJ collapse brings an end to Employee Pension Funds). These plans were already being replaced with fund- and covenant-type defined-benefit … Continue reading

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Government Pension Investment Fund up 6.64% so far this year

Fund management firms hired by the Government Pension Investment Fund  brought home the bacon again in the July-September quarter — keeping putting all components of the world’s largest institutional investor’s portfolio ahead of their benchmarks for the first half of … Continue reading

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Japanese life cos still looking to foreign bonds for returns

Most Japanese life insurers plan to increase investments in foreign bonds in the year to March 2018 as Japanese government bonds yields are still too low for them, a roundup by Reuters of the firms’ recently announced investment intentions shows. … Continue reading

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Investors still shut out of Japan’s biggest infrastructure class

Veolia Japan, a subsidiary of the Euronext-listed French firm Veolia Vie, has won a  20-year contract from the Shizuoka Prefecture city of Hamamatsu to manage part of its wastewater and sewage systems. This is the first long-term concession granted in … Continue reading

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