Some items on the wires re Japan's Government Pension Investment Fund (GPIF)

From a panel discussion. Bloomberg with the headlines.

Seki Obata of Keio University:

  • GPIF is slow to increase in-house investments

Hiromichi Mizuno (GPIF CIO):

  • GPIF's Derivative investment abilities are limited
  • In-house investments won't add to risk
  • To need 135-150 extra staff for in-house investing
  • Political pressure won't sway GPIF voting right choices

These from a little earlier.


More now:

  • Mizuno says GPIF asks outside managers not to hold more than 5% of any stock
  • GPIF is mulling a 3% limit for in-house stock investments