Wed, Mar 29, 2017
A A A
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

amb
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. Opalesque Exclusive: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  3. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  4. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  5. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less