GPIF Returns 3.42% in Second Fiscal Quarter
Stocks drive most of the Japanese mega-fund’s gains.
Stocks drive most of the Japanese mega-fund’s gains.
US equities help boost pension fund’s total market value to $1.02 trillion.
An 8.1% total return sees the institution’s asset growth beat most benchmarks.
Board of regents approves new model portfolio for 2019 fiscal year.
Performance is among the lowest reported by other major public universities so far this year.
The returns beat pension system peers and are the result of the investment organization’s large commitment to private market investments.
Fund has beaten up to 90% of its peers over the past quarter-century.
University’s investment earnings lead all Ivy League endowments so far this year.
University portfolio values rise to $26.5 billion, $7.2 billion, respectively.
Endowments surpass median, mean returns for colleges and universities.
Improved performance still lags other major universities.
The Public Investment Corp. approaches $150 billion.
The $13 billion endowment pool has demolished the 20-year benchmark.
Texas, Virginia returns top 11%; California lags with 8.9%.
US, private equities help propel portfolio to a record-high market value of $5.5 billion.