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Apr 22, 2014

Japan overhauls its public pension fund

TOKYO (Reuters) – Japan overhauled the world’s biggest public pension fund on Tuesday, appointing new committee members, in a push toward Prime Minister Shinzo Abe’s goal of a more aggressive investment strategy.

The government announced a reshuffle of the Investment Committee of the $1.26 trillion Government Pension Investment Fund (GPIF), in line with Abe’s drive to have the fund make riskier investments and rely less on low-yielding government bonds.

Apr 21, 2014

Japan overhauls its public pension fund, the world’s biggest

TOKYO, April 22 (Reuters) – Japan overhauled the world’s
biggest public pension fund on Tuesday, appointing new committee
members, in a push toward Prime Minister Shinzo Abe’s goal of a
more aggressive investment strategy.

The government announced a reshuffle of the Investment
Committee of the $1.26 trillion Government Pension Investment
Fund (GPIF), in line with Abe’s drive to have the fund make
riskier investments and rely less on low-yielding government
bonds.

Apr 18, 2014

Japan to shake up world’s top pension fund for bolder investment-sources

TOKYO, April 18 (Reuters) – Japanese Prime Minister Shinzo
Abe’s government plans to shake up the world’s biggest pension
fund, replacing several key advisers in a sign that the premier
wants public funds to invest more aggressively, sources with
knowledge of the matter said.

The Government Pension Investment Fund’s portfolio of $1.26
trillion is larger than the economy of Mexico.

Apr 18, 2014

Japan to shake up GPIF panel as Abe seeks bolder investment -sources

TOKYO, April 18 (Reuters) – Japanese Prime Minister Shinzo
Abe’s government plans to shake up the world’s biggest pension
fund, replacing several key advisers in a sign that the premier
wants public funds to invest more aggressively, sources with
knowledge of the matter said.

At least three of the 10 members of the $1.26 trillion
Government Pension Investment Fund’s Investment Committee -
including two considered cautious about Abe’s call to shift from
bonds to riskier investments like stocks – will soon depart from
the panel, according to the sources.

Apr 10, 2014

Japan GPIF in talks to invest in private equity -official

TOKYO, April 10 (Reuters) – Japan’s $1.26 trillion public
pension fund, the world’s largest, is looking at alternative
assets, a senior official said on Thursday, as it seeks to
diversify its holdings and generate higher returns to finance a
rapidly ageing population.

The Government Pension Investment Fund, known as GPIF, is in
talks with several global private equity investors to increase
its exposure to alternative assets after reaching an agreement
in February to invest in infrastructure.

Apr 9, 2014

Japan GPIF to expand investment to foreign high-yield debt, emerging market bonds

TOKYO, April 9 (Reuters) – Japan’s giant public pension fund
has issued a tender to hire asset managers to supervise its $101
billion portfolio of foreign bonds, expanding its investment in
the category beyond conventional bonds for the first time as it
seeks higher returns to cope with the country’s ageing
population.

The Government Pension Investment Fund (GPIF), the world’s
largest, said on Wednesday it will seek managers for emerging
markets bonds, foreign high-yield bonds, and foreign
inflation-linked bonds. With total assets of $1.26 trillion, the
fund is bigger than Mexico’s gross domestic product.

Apr 4, 2014

Japan GPIF picks new managers for domestic stocks, adopts new index

TOKYO, April 4 (Reuters) – Japan’s $1.26 trillion public
pension fund said on Friday it has selected 14 new active
managers to supervise its domestic equities investment and added
more benchmarks to its strategy.

The move by the Government Pension Investment Fund (GPIF),
whose asset value exceeds the size of Mexico’s economy, is aimed
at generating higher returns to cope with pension payouts for
Japan’s rapidly ageing population.

Mar 11, 2014

Principal Global Investors CEO says firm seeking to acquire boutique asset managers

TOKYO, March 11 (Reuters) – The head of New York-based
Principal Global Investors said on Tuesday the $311 billion fund
manager is looking into buying boutique asset management firms
that invest in emerging markets and real estate to expand its
portfolio of assets

PGI’s chief executive, Jim McCaughan, said his firm, the
asset management arm of Iowa-based financial services company
Principal Financial Group Inc, hopes to finalise an
acquisition, possibly in real estate, by the end of the year. He
didn’t identify potential targets.

Mar 6, 2014

Japan’s GPIF pension fund needn’t cling to JGBs, govt panel says

TOKYO, March 6 (Reuters) – Japan’s $1.26-trillion public
pension fund need not cling to the safety and paltry yields of
government bonds, advisers to the fund said on Thursday, in
another sign that it will shift more money into stocks and other
risky assets.

With Japan moving out of its long spell of deflation, the
Government Pension Investment Fund, the world’s biggest pension
fund, “does not need to adopt, from the outset, a
‘domestic-bond-centric’ stance,” an advisory panel to the health
ministry said in a draft report.

Mar 6, 2014

Japan panel recommends little change to GPIF return target

TOKYO, March 6 (Reuters) – Advisers to Japan’s
$1.26-trillion public pension fund on Thursday recommended
targeting only slightly higher returns, a conservative proposal
that could constrain the fund’s ability to shift to riskier
assets.

Prime Minister Shinzo Abe’s government is pressing the
Government Pension Investment Fund (GPIF) to buy more stocks and
invest relatively less in bonds to generate higher returns for
Japan’s fast-greying population.