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Japan’s GPIF unveils fund manager winners and losers

Joe Marsh
BlackRock, Morgan Stanley, Northern Trust and Sumitomo Trust & Banking all saw big drops in the assets they manage for the $1.46 trillion Government Pension Investment Fund in the last fiscal year.
Japan’s GPIF unveils fund manager winners and losers

Japan's Government Pension Investment Fund suffered a 5.31% drop in its assets under management to ¥116.3 trillion ($1.46 trillion) from ¥122.8 trillion in the year to March 31*. This indicates underperformance by some of the asset managers – internal or external – working for the world’s biggest institutional investor.

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