dChan
Anonymous ID: e720c8 May 30, 2024, 5:27 p.m. No.20941953   🗄️.is đź”—kun   >>1988 >>2062 >>2069 >>2192 >>2427 >>2510

Japan to shift $640bn in public pension money into active investing

 

(Just what any pensioner wants to see-the manager of your retirement going headlong into Stonks and Bonds during the largest asset bubble in human history as the BoJ needs help in both arenas as they own about 80% of Japanese equities and around 60% of the entire JGB market)

 

Japan is moving to steer nearly 100 trillion yen ($638 billion) more public money into active investing, taking a cue from the Government Pension Investment Fund's embrace of riskier assets, Nikkei has learned. The GPIF, dubbed the "whale" for its outsize market presence, manages roughly 200 trillion yen in assets, government data from March shows. But it is not the only keeper of public money in Japan. The newly mobilized money, which includes civil servants' retirement savings, will unleash another heavyweight on stock and bond markets. The move represents another step toward Prime Minister Fumio Kishida's goal of building up Japan's asset management sector.

Kishida told a May 22 global investors conference organized by Morgan Stanley that initiatives soon would be announced on improving asset management at nine public asset owners overseeing roughly 300 trillion yen, including the GPIF and mutual aid associations.

Ruling Liberal Democratic Party lawmakers have recommended expanding public asset owners' staffs of investment professionals and diversifying their asset allocations. A government fiscal and economic policy blueprint due out in June is expected to call for such steps as hiring more investment professionals to manage public money. This is expected to affect the Federation of National Public Service Personnel Mutual Aid Associations, known by the Japanese acronym KKR; the Pension Fund Association for Local Government Officials; and the Promotion and Mutual Aid Corporation for Private Schools of Japan, among other funds. KKR has around 10 trillion yen in assets under management, while the latter two oversee roughly 30 trillion yen and 5 trillion yen, respectively, according to government data.

Their managers follow a basic asset allocation plan of 25% each for Japanese equities, foreign equities, domestic bonds and foreign bonds(read that as US Treasury Bonds). Periodic rebalancing ensures these weightings are maintained.

The GPIF has hired a chief investment officer from the private sector and is increasing its staff. It selects active funds based on data analysis and checks its portfolio weekly.

Other public pension funds bring in personnel on loan from other government agencies and from outside government, but critics say there is a lack of clear leadership for investment operations. “In risk management, a professional in a position of responsibility must make responsible decisions when the time comes, including cutting losses," said a senior economic official.(Bwahahaha like they give a shit!!)

https://asia.nikkei.com/Business/Finance/Japan-to-shift-640bn-in-public-pension-money-into-active-investing

Anonymous ID: e720c8 May 30, 2024, 5:48 p.m. No.20942126   🗄️.is đź”—kun   >>2192 >>2510

AE66D5 Navy P8 Poseidon flew right over Raven Rock Complex (yellow arrow) under Blue Ridge Summit and nao roundies just west of RRMC

 

Not well defined but could call that a Q

 

Raven Rock Mountain Complex

https://www.atlasobscura.com/places/raven-rock-mountain-complex-2