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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.

Feb 28, 2014

Japan’s public pension fund assets rise to record $1.26 trln

TOKYO, Feb 28 (Reuters) – Japan’s public pension fund, the
world’s largest, reported a 4.73 percent return on investments
in the October-December quarter, thanks to gains in Japanese
stocks and an increase in the value of its foreign assets due to
the weakness of the yen.

The Government Pension Investment Fund (GPIF) has posted an
increase in returns for a record six consecutive quarters,
having shown a 2.71 percent increase in the previous quarter.

Jan 17, 2014

Japan mutual fund market grows by record $168 bln in 2013

TOKYO, Jan 17 (Reuters) – The Japanese mutual fund market
grew by a record amount
in 2013, boosting overall asset size above 80 trillion yen
($772.20 billion) for the first time in more than six years as
strong equity prices and a weaker yen spurred solid inflows.

Net inflows into the mutual fund market by cash rich
Japanese retail investors rose by almost six times from a year
earlier to 10 trillion yen, helped by falls in the yen and
aggressive economic stimulus by Prime Minister Shinzo Abe and
the Bank of Japan.

Dec 4, 2013

Japan’s GPIF says can cut JGB weighting without selling bonds

TOKYO, Dec 4 (Reuters) – The head of Japan’s Government
Pension Investment Fund, the world’s largest, said on Wednesday
that the $1.2 trillion fund holds too much in domestic bonds but
can lower the weighting by letting bonds mature, without selling
from its holdings.

The GPIF can use Japanese government bond redemptions and
interest to fund an expected 5.8 trillion yen ($57 billion) in
payouts for the fiscal year starting next April, Takahiro
Mitani, the GPIF’s president, told Reuters in an interview.

Nov 29, 2013

Japan GPIF posts gain for 5th straight qtr, asset hits record high

TOKYO, Nov 29 (Reuters) – The asset size of Japan’s public
pension fund, the world’s largest, soared to a record 123.9
trillion yen ($1.21 trillion) at the end of September, led by a
fifth consecutive quarter of investment gains sparked by strong
Tokyo stocks and a weak yen.

The Government Pension Investment Fund, known as GPIF,
produced a positive return of 2.71 percent in the July-September
quarter, or an overall investment gain of 3.24 trillion yen.