Japan's pension fund, the world's biggest, faces yen risk as Trump rally fades
The world's biggest pension may find that when it comes to returns on its $1.3 trillion in assets, Donald Trump giveth and taketh away. What started as a rally in stocks on his presidential victory five months ago turned into a slump this year, making ...
The Government Pension Investment Fund (GPIF) said Friday it posted a record investment profit of ¥10.50 trillion in the October-December period, boosted by a rally in stocks at home and abroad after Donald Trump's victory in the U.S. presidential election. The world's largest pension fund, ...
World's biggest pension fund gains ¥2.4 trillion as stocks rally
The world's biggest pension fund posted its first profit in four quarters as stocks rebounded, providing some respite for the Japanese state money manager after critics lambasted it for taking on too much risk. The Government Pension Investment Fund returned 1.8 percent, or ¥2.4 trillion ...
Companies across Japan have a new name in their top 10 shareholder lists: the world's largest pension fund. The ¥134 trillion Government Pension Investment Fund is the top owner of Mitsubishi UFJ Financial Group Inc., Honda Motor Co. and at least 119 other Tokyo-listed firms, ...
Timing right for $75 billion stock binge after Japan pension whales' losses
There's no time like the present for Japan's pension whales to buy stocks and sell local bonds, according to Bank of America Merrill Lynch. "Bond prices are high, and stocks are cheap, so it's a good opportunity to sell high and buy low," said Shuichi ...
Pension fund's huge ¥5.3 trillion loss tied to management's passive investing
Friday was a big day for the world's largest pension fund, which posted its worst annual loss since the financial crisis and disclosed individual equity holdings for the first time. The two may be connected. The list of domestic shares owned by the ¥134 trillion ...
Pension giant GPIF confirms it lost ¥5.3 trillion on stock market bets in '15
The decline in global markets spelled bad news for its controversial shift from Japanese government bonds to equities.
Toshiba's President Tsunakawa warns of long road to recovery
A day after stepping into his new role, Toshiba Corp. President Satoshi Tsunakawa has cautioned that the company is still recovering from a bruising accounting scandal and faces a lengthy turnaround process. "We are not even at the halfway point yet," Tsunakawa said in a ...
Government Pension Investment Fund likely lost more than ¥5 trillion last year
The Government Pension Investment Fund is likely to record losses of more than ¥5 trillion for fiscal 2015, which ended Thursday, amid a deteriorating investment environment since January, according to recent estimates by financial experts. The GPIF, one of the world's largest institutional investors, decided ...
The Government Pension Investment Fund, the world's biggest pension fund, named Norihiro Takahashi, a former senior managing director at a domestic agricultural bank, as president to replace Takahiro Mitani. The $1.25 trillion fund chose Takahashi, 58 and a former managing director at Norinchukin Bank Ltd., ...
Japan pension investment fund ban on direct stock trading to stand, for now: Tokyo
The government will shelve a plan to allow its giant pension fund to buy and sell stocks on its own amid fears that private-sector companies could be brought under state oversight if the fund becomes their direct shareholder, sources said Thursday. The welfare ministry has ...
Japan's ¥135 trillion pension fund boosts infrastructure weighting
Japan's ¥135 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 ...
