Category Archives: Articles

GPIF looks at how asset managers link bonuses to performance

The Government Pension Investment Fund is scrutinising  bonuses paid to employees by fund management firms in an effort to “understand the link between current remuneration structures and performance”, according to a Financial Times story quoting GPIF chief investment officer Hiro Mizuno … Continue reading

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GPIF’s Q3 results reflect excellent performance so far this year

The Government Pension Investment Fund’s assets stood at 162,672.3 billion yen at the end of the financial third quarter on 31 December 2017, compared with 156,817.7bn yen three months earlier, as markets boosted the value of its domestic and foreign … Continue reading

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Postal giants to set up private equity firm next month

Japan Post Bank and Japan Post insurance are to set up a private equity firm on 9 February according to statement from the two. The new firm, Japan Post Investment Corporation, will have capital and reserves of 1.5 billion yen … Continue reading

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Under A.M.Best’s microscope Nippon Life shows its strengths

Insurance company ratings concern A.M.Best has affirmed Nippon Life’s financial strength and ‘long-term issuer’ credit ratings at A+ (superior) and aa- respectively. In the firm’s view, the balance sheet of Japan’s largest privately owned life co is supported by a … Continue reading

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Mercer seeks to boost delegated investment business with BFC

Mercer, an international actuarial consulting firm owned by US-headquartered insurance conglomerate Marsh & McLennan, has acquired Tokyo’s BFC Asset Management Co Ltd for an undisclosed sum, according to an announcement from the company. The logic for the move is to … Continue reading

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StepStone wins GPIF global infrastructure funds mandate

The Government Pension Investment Fund has awarded a “global infrastructure core strategy” mandate to  StepStone Infrastructure & Real Assets. The arrangement will see the firm investing so far unknown amounts on GPIF’s behalf in both property funds and co-investments. The … Continue reading

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Institutional investors look to funds as route to foreign property

Asterisk Realty and Placement Agency expects Japanese investors to acquire over US$20 billion of foreign property in 2018 “if there are investable and reasonable opportunities”, according to a recent statement. The firm points to the difference in characteristics between Japanese … Continue reading

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GPIF seeks provider of information on investment strategies

The Government Pension Investment Fund is inviting firms with “sufficient expertise and know-how … and have past experience [of] providing information on investment strategy to institutional investors in Japan or abroad [for] no less than 10 years” to submit proposals … Continue reading

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Top 20 corporate pension funds are from finance and pharma

Financial conglomerates, pharmaceuticals companies and a sprinkling of technology firms dominate the list of Japan’s top 20 corporate pension funds by assets under management, according to an annual poll Nenkin Joho, the fortnightly newsletter published by Rating & Investment Information, … Continue reading

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GPIF opts for funds of funds for move into domestic real estate

The Government Pension Investment Fund is making its first move into domestic property investment via funds of funds vehicles and has mandated Mitsubishi UFJ Trust & Banking to advise on  implementing the “core strategy” for this part of its portfolio, … Continue reading

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