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GPIF recruits asset managers for real estate, infra investments

Japan’s Government Pension Investment Fund (GPIF) on Tuesday began recruiting asset managers for investments in private equity, infrastructure and real estate, as the world’s largest pension fund’s embrace of riskier assets gathers pace. In its first recruitment of outside managers for investments in so-called alternative assets, GPIF is looking to hire an unspecified number of institutional investors to oversee bets in Japan and other developed countries.

The fund in 2014 reduced its holdings of low-yielding domestic government bonds and invested more in stocks. The landmark move followed a government push to spur higher returns on pension investments and jolt Japan out of deflation.

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Paul

The author Paul