Pensions
Pension Giants Lost $3T in 2022, Steepest Drop in 20 Years
Despite losses, the 300 largest funds’ share of global pension assets rose to 43% in 2021.
Tag: Japan
Asset Allocation
Japan’s GPIF Ends Losing Streak With 5.4% Return in Fiscal Q4
The pension giant raked in $72 billion during the quarter thanks to its public equities portfolios.
Risk
Goldman: Look for EMs to Overtake US in Stock Valuation by 2030
In 2035, emerging markets will gain a slight edge, and they will have a clear lead by 2050: 47% to 27% of global capitalization.
Research
Paper From Japan’s GPIF Proposes New Way to Compare Alts With Traditional Assets
The authors claim their Spread Based Direct Alpha method is more accurate than current measurements.
Asset Allocation
Japan’s GPIF Suffers 4th Straight Quarterly Loss for 1st Time in 20 Years
Investment losses for the first three quarters of fiscal 2022 totaled more than $55 billion.
Asset Allocation
Japan’s GPIF Loses $37 Billion in First Half of Fiscal 2022
World’s largest pension fund’s asset value declines to $1.31 trillion.
Research
Don’t Worry About a Wage-Price Spiral, JPM Says
Despite Fed uneasiness, higher pay isn’t really pushing inflation, per the firm’s David Kelly.
Asset Allocation
Japan’s GPIF Joins ESG Benchmark
Pension giant hopes to encourage the disclosure of ESG data.
Newsmakers
Robertson’s Contribution to Hedge Funds: Research Intensity
While hedge operators were always stats-oriented, he took data gathering to a whole new level.
Asset Allocation
Japan’s GPIF Loses $28 Billion in First Quarter of Fiscal Year 2022
The $1.43 trillion pension giant posts back-to-back quarterly losses for the first time in six years.
Manager Selection
Eiji Ueda Reappointed as CIO of GPIF
The Goldman Sachs veteran helped lead the world’s largest pension fund to two years of growth.
Newsmakers
Japan’s GPIF Seeks Data on Effect of Securities-Lending Suspension
The $1.73 trillion pension giant has issued a request for information regarding its 2019 decision to stop lending securities to short sellers.
Risk
Jeremy Grantham: How to Live in an About-to-Burst ‘Super Bubble’
The noted seer has some refuge investment ideas. Hint: not US stocks.
Asset Allocation
Forget US Stocks and Head Overseas, BCA Says
American equities are too costly, and there are better, cheaper prospects elsewhere, per the research outfit.
Asset Allocation
Domestic Equities Weigh Down Japan’s Pension Giant
GPIF’s $1.7 trillion portfolio cools off to start fiscal 2021 after a historic 2020.