GPIF calls for alternative managers, with caveats

Japan’s Government Pension Investment Fund is inviting pitches from alternative asset managers to help shepherd its slow shift into private equity, infrastructure and real estate, as it looks to boost returns. The ¥144.8 trillion ($1.31 trillion) fund will brief applicants at its Tokyo office on April 17 and start winnowing down the list from June 1. The request for proposals, announced on GPIF’s website on April 11, was scant on details such as the size of the mandates on offer…