Category Archives: Articles

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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SMTB becomes top KKR manager, displacing in-house team

The in-house management team at the Federation of National Public Service Personnel Mutual Aid Associations (KKR) is no longer the MAA’s top fund manager. A drop in domestic bond holdings, all of which are managed internally, means that Sumitomo Mitsui … Continue reading

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FILP bonds may weigh heavily on KKR portfolio for many years

The just-published first quarter report of the Federation of National Public Service Personnel Mutual Aid Association, usually known by its Japanese acronym KKR, shows it to be making very slow progress in re-balancing its portfolio away from bonds — and … Continue reading

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GPIF to help develop yardsticks for measuring…not a lot so far

In a press release issued yesterday, in Japanese only, the Government Pension Investment Fund announced that it and the World Bank will research what new yardsticks — ratings, benchmarks, guidelines and so on — are needed to help investors pursue … Continue reading

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Insurers active in both buying and selling foreign firms

MS&AD Insurance Holdings is to invest up to £800m ($1bn) in ReAssure Jersey One Limited, a UK unit of Swiss Re, in a two-stage deal which will see it first acquiring 5% of the target’s outstanding shares for £175mn by … Continue reading

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