Japan’s GPIF eyes more alternatives after promising returns
After joining alternatives investment rush relatively late, Japan’s Government Pension Investment Fund (GPIF) is now speeding up its allocation to the asset class after solid initial performances.
As of end June 2022, alternative investments made up 1.32% of the ¥193 trillion ($1.5 trillion) portfolio, amounting to ¥2.548 trillion. The alternatives portfolio was up from ¥1.456 trillion a year before, an increase of about 75% in one year.
While growth might not continue to be as rapid, GPIF is advertising for new alternatives managers.
“We are actively looking for more managers to improve the investment efficiency of GPIF’s portfolio,’” a spokesperson told AsianInvestor, referring to GPIF’s manager registration system for alternative assets.
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