The giants: GPIF, MAAs (Chikyoren, KKR, etc), PFA, Post Insurance & Bank

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GOVERNMENT PENSION INVESTMENT FUND (GPIF)

GPIF investments by asset type & managers 31 March 2017: market value, yen billions

GPIF investments by asset type & managers 31 March 2013-16: market value, yen billions

GPIF fees to external managers by portfolio segment year ending 31 March 2016: yen millions

GPIF external managers ranked by fees* paid in year ending 31 March 2016: yen millions

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MUTUAL AID ASSOCIATIONS

1. Chikyoren ~ Pension Fund Association for Local Government Officials

In October 2015 public servants’ retirement benefits were brought more into line with those of corporate employees and Chikyoren — which was already shifting its asset allocation to be more like that of the Government Pension Investment Fund — began dividing its financial reporting into three parts. These cover management of the assets backing the Employee Pension Insurance, the annuity retirement benefits fund and the transitional long-term fund. Each, in turn, has its own ‘adjustment’ fund.

The latest annual report of all three along with statements about their investment policies are here in English.

For Chikyoren profile dated 8 November 2012 and how Abe’s pensions arrow falls short of supposed target dated 6 June 2013, see articles archive.

For pre-FY2015 reports see below:

_Chikyoren asset allocation 2011-2015

   Chikyoren assets by manager type 2003-14

   Chikyoren yield 2006-2014

   Chikyoren governing council

   Fund managers holding mandates from Chikyoren other MAAs at 2014-3-31

   Life insurance companies holding mandates from Chikyoren other MAAs at 2014-3-31

   Trust banks holding mandates from Chikyoren other MAAs at 2014-3-31

2) KKR ~ Federation of National Public Service Personnel Mutual Aid Associations

This fund makes available in Japanese a considerable amount of data on its portfolio, its managers and their performance im Japan. That can be accessed here

For asset allocation information at 2016-3-3-1 and 2017-3-3-1 in English see blog archive 2017-10-18 FILP bonds may way heavily on KKR portfolio for many years.

_KKR ~Segregated mandates by type and manager at 2017-3-3-1

_KKR ~ Managers of segregated mandates ranked by total amount at 2017-3-31

   KKR managers of segregated funds by mandate type & ranked by firm at 2016-3-31

   KKR managers of segregated funds ranked by total amount at  201-3-31

3) Chikyosai ~Mutual Aid Association of Prefectural Government Personnel

For asset allocation see articles archive 8 August 2016  Chikyosai report provides no support for whales’ stock buying.

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PFA ~ PENSION FUND ASSOCIATION

See also numerous blog stories by using the search function on the main page

Pension Fund Association managers at 31 March 2016

Pension Fund Association’s asset allocations at 31 March 2016

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JAPAN POST GROUP

Post Bank’s portfolio at 30 June and 31 March 2017

Post Insurance’s portfolio at 30 June and 31 March 2017

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