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Feb

04

Japan’s Biggest Pension Fund Blocked From Direct Stock Investing

By Tony Seruga

GPIF must continue using asset managers, reports Kyodo News
Issue debated as part of fund’s sweeping structural changes

A push by the world’s largest pension fund for permission to bypass asset managers when doing business in Japan’s stock market has reportedly hit a wall.

The proposal to allow the Government Pension Investment Fund to directly buy or sell stocks was halted, Tokyo-based Kyodo News reported Thursday. Japan’s $1.2 trillion fund had been seeking clearance to act directly rather than hiring asset managers in order to reduce operating costs and boost the size of its investments…

Japan’s Biggest Pension Fund Blocked From Direct Stock Investing

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