The world’s largest pension fund greatly benefitted from its nearly 50% asset allocation to equities after the global stock rally since April last year.
The fund's move to repurpose its asset allocation and alter its management structure, as well as commit to improved governance, earns it an Institutional Excellence Award.
The world’s largest pension fund is embarking on significant structural changes that will give global asset managers something to think about, as a model for the wider industry to follow.
Unless Japanese pension funds start investing in the domestic equity market, participants should expect a reversal, says Robeco CIO Arnout van Rijn.
Brightrust, a Japanese private equity specialist, says it wants outside ideas on helping Japan’s pension giant to handle alternatives.
Japan’s Government Pension Investment Fund is managing the majority of its assets internally, with some fund managers losing ground and others increasing the value of their mandates.