Monday, 30 November 2015
Last updated 2 days ago
Apr 11 2014 | 9:09am ET
The world's largest pension fund is mulling an investment in alternative assets.
Japan's $1.26 trillion Government Pension Investment Fund is in talks with several private equity investors as it hunts for higher yields to finance the country's ageing popuation.
"Currently, beside infrastructure and specifically on joint private equity investments, we are holding discussions with several global investors," Tokihiko Shimizu, director-general of GPIF's research department, told the Global Alternative Investment Forum in Tokyo.
Shimizu said the fund would treat alternatives as “an independent asset class” as it considered expanding beyond its current categories of domestic bonds, domestic equities, foreign bonds, foreign equities and short-term assets.
Shimizu offered no further details on the potential alternative investments, saying decisions on the matter would be the responsibility of the fund's 10-person investment committee.
Under the government of Japanese Prime Minister Shinzō Abe, the GPIF has been advised to generate higher returns by diversifying into asset classes like infrastructure and real estate.
This story was reported earlier by Reuters.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…