Japan govt’s pension fund moves to assist the aged | The Nation Newspaper

📆 10/4/2023 2:51 PM
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Japan’s Government Pension Investment Fund, one of the world’s most powerful investors, is overhauling the way it chooses active managers, in a bid to secure

, one of the world’s most powerful investors, is overhauling the way it chooses active managers, in a bid to secure the higher returns needed to support a rapidly ageing population.

He notes: “We have selected 19 funds in North America and 14 funds in developed countries [excluding Japan], and are considering selecting a Japanese stock fund next”. In North America, GPIF ran investment simulations to winnow down a list of 1,400 funds. A former Goldman Sachs bond trader, Ueda joined in 2020, taking over from Hiromichi Mizuno. With markets roiled by the Covid-19 pandemic, Ueda has implemented what people familiar with the matter say is an increasing focus on risk management.

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