Wed, Mar 21, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The world's largest pension fund evaluates alternative investments

Monday, February 04, 2013

Takahiro Mitani
From Precy Dumlao, Opalesque Asia – The world’s largest pension fund, Japan’s Government Pension Investment Fund (GPIF), which oversees an estimated $1.16tln (108tln yen) in assets will meet in April to discuss the fund’s new direction, it was reported.

Takahiro Mitani, who has been president since 2010, said that managers of GPIF will study the possibility of raising holdings in emerging market stocks and will evaluate alternative assets, according to a report by Bloomberg.

The move will be the first time GPIF will restructure its assets since the 2008 global financial crisis and the 2011 earthquake. But Mitani said the recent announcements by the new Japanese Prime Minister Shinzo Abe and the Bank of Japan on improving the country’s economy, made it imperative for GPIF to alter its asset structure.

He was quoted as saying, "If we think about the future and if interest rates go up, then 67 percent in bonds does look harsh. We will review this soon. We will begin discussions for this in April-to-May. Any changes to our portfolio could begin at the end of the next fiscal year." Mitani was an executive director at the Bank of Japan when it bought shares from banks in 2002.

GPIF is the largest buyer of Japanese government bonds and owns 64% of domestic bonds as at end September 2012 at a value of $747bn (69.3tln yen). T......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. DoubleLine's Gundlach sees U.S. 10-year Treasury yield rising, weighing on stocks[more]

    From Reuters/ Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the "Bond King," said on Tuesday the yield on the U.S. 10-year Treasury note will likely move higher and pressure riskier assets including equities and junk bonds. Gundlach, on an

  3. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t

  4. Institutional Investors - Overdrawn pension fund scores gains[more]

    From Investments in big banks, pawn shops and rolling papers helped boost public safety workers' underfunded pensions this past calendar years, according to newly released figures. After recording middling returns in recent years, the Police & Fire Pension Fund (P&F) notched

  5. Hot hedge fund loses 21% after bet on volatility goes wrong[more]

    From In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd. He'd turned $50 million into an operation with more than $700 million over three years and delivered market-beating retu