World s Top Pension Fund Treads Water as ESG Picks Up Pace yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Japan’s Government Pension Investment Fund (GPIF) has appointed CBRE Global Investment Partners for a global real estate mandate of unspecified value.
This is the pension giant’s second real estate tender awarded to the US property manager since September 2018.
Japan’s Asset Management One Co. is the gatekeeper of the new mandate, GPIF says in a statement on February 26.
The mandate will focus on joint venture and club deal related investments. unlike the one in 2018 which is primarily for commingle fund investments, a GPIF spokesperson tells
Asia Asset Management.
GPIF set up an asset management registration system for mainstream investments in 2016, and a separate one for alternatives in 2017. It has since hired five Japanese and foreign fund managers for global real estate, infrastructure and private equity mandates.
(Bloomberg) The world’s biggest pension fund posted a 10.4 trillion yen ($98 billion) gain in the three months ended December, lifting assets to a record as global equity markets extended their recovery from the pandemic.Japan’s Government Pension Investment Fund gained 6.3%, with assets reaching 177.7 trillion yen, the fund said in a statement. Overseas stocks were its best-performing investment, returning 11.9%, followed by an 11.3% return in domestic stocks. Overseas debt gained 1.2%, while Japanese debt added 0.02%.“While the coronavirus outbreak widened once again globally, domestic and foreign stocks gained due to expectation for vaccines and continued fiscal and monetary policy support,” said GPIF President Masataka Miyazono in a statement. “In addition, the yen strengthened against the dollar, while it weakened against the euro.”Foreign equities have been the GPIF’s top-performing investment for three consecutive quarters, help