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Japan local government pension fund posts 11% fiscal year gain amid shift to risk assets
trueJapan’s Pension Fund Association for Local Government Officials reported an 11.3% gain to ¥21.1 trillion ($176 billion) for its fiscal year ended March 31, amid a steady shift in allocations to higher risk assets from Japanese government bonds.
Japan's GPIF looking to fill positions overseeing governance, external managers, legal matters
trueJapan’s Government Pension Investment Fund is searching for three positions overseeing the pension fund’s activities related to the stewardship code the GPIF adopted last year, legal matters and external managers.
Large pension funds oppose proposed Toyota share-class voting structure
trueToyota Motor Corp. faces opposition from several pension funds over a proposal to create a dual-class share voting structure.
Putnam, Nissay Asset Management extend alliance
truePutnam Investments will continue its strategic alliance with Nissay Asset Management, the money management arm of Japan-based Nippon Life Insurance Co., through 2020, said Putnam spokesman Jon Goldstein.
Firms in Japan and China ready for overseas acquisitions
trueA growing number of Chinese and Japanese firms are looking to invest in overseas asset management firms, with analysts and bankers predicting Chinese companies might prove to have the bigger appetite over the next few years.
Mitsui & Co. to buy 20% stake in Australian infrastructure debt boutique
trueMitsui & Co., the Tokyo-based trading giant, will take a 20% stake in Melbourne, Australia-based infrastructure debt boutique Westbourne Capital.
Fitch cuts Japan's credit rating to A
trueFitch Ratings downgraded Japan’s credit rating on Monday to A from A+, concluding that the country’s budget for the fiscal year that began April 1 lacked sufficient fiscal measures to make up for the government’s decision late last year to defer a consumption tax increase.
BlackRock taps Japan Post chief as its new country head for Japan
trueYoshiyuki Izawa was named chairman, representative director and country head of Japan at BlackRock, effective May 18.
Japanese pension funds' tilt to risk likely a manager boon
trueAn unprecedented move into risk assets by Japan's large public funds will present money managers with challenges but even bigger opportunities in coming years, industry executives say.
Japan's GPIF hires Nomura, BlackRock and Russell to handle transitions
trueJapan’s Government Pension Investment Fund hired Nomura Asset Management, BlackRock Japan and Russell Investments Japan as transition managers.
The big structural upside in Japanese equities
trueThere is reason to believe that Japan is on the precipice of reordering its domestic savings structure as soon as this year, with potentially significant implications for its equity markets.
Japan's big public funds adopt GPIF's equity-heavy asset allocation targets
trueThree large pension funds for public employees in Japan on Friday signed on to the equity-heavy asset allocation targets announced last October by the ¥137 trillion ($1.13 trillion) Government Pension Investment Fund.
2 ETFs help WisdomTree exceed $50 billion in assets
trueTwo exchange-traded funds are leading New York-based ETF manager WisdomTree Investments Inc. to experience significant growth.
Japan Post shakeup could be big win for bond firms
trueJapan Post Bank Co. Ltd., a government-owned behemoth with assets of more than ¥200 trillion, is pursuing an extreme makeover of its institutional investment capabilities to grease the skids for its initial public offering later this year.
Japan's GPIF posts 5.2% gain for quarter as equity allocations increase
trueJapan’s Government Pension Investment Fund reported a 5.2% investment gain to ¥137 trillion ($1.15 trillion) for the Tokyo-based pension fund’s fiscal third quarter ended Dec. 31.