Dec
14
Japan’s $1.1 Trillion Pension Fund Boosts Infrastructure Section
By-
GPIF limit for alternative assets around 7 trillion yen
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Fund teamed up with Ontario pension fund for some investments
Japan’s 135 trillion yen ($1.1 trillion) Government Pension Investment Fund is building up its alternative investment department after raising bets on infrastructure projects more than 10-fold to secure higher returns than low-yielding bonds.
The world’s largest retiree fund has boosted staff in its alternative investment section, formed last year, to five people, Shinichirou Mori, director of the fund’s planning department, said Dec. 11 in Tokyo. The fund is still trying to hire more people for the department, according to its website…
Japan’s $1.1 Trillion Pension Fund Boosts Infrastructure Section
