{"id":1460,"date":"2012-09-01T00:34:42","date_gmt":"2012-08-31T15:34:42","guid":{"rendered":"http:\/\/www.irken.jp\/gn\/?p=1460"},"modified":"2012-08-31T16:54:19","modified_gmt":"2012-08-31T07:54:19","slug":"institutional-investor-august-issue-2","status":"publish","type":"post","link":"https:\/\/www.irken.jp\/gn\/?p=1460","title":{"rendered":"Institutional Investor (August Issue)"},"content":{"rendered":"<p>With \uffe5108 trillion in assets under management, Japan\u2019s Government Pension Investment Fund (GPIF) is almost six times the size of CalPERS. \u201cEven more striking than the fund\u2019s gargantuan size is its composition: Fully three quarters of the GPIF is invested in bonds, including \uffe558.4 trillion of domestic bonds and \uffe514.4 trillion of government agency debt.\u201d This \u201cmountain of government bonds\u201d is \u201ca low-return and potentially high-risk strategy,\u201d and stands in contrast to other pension funds which are \u201ctrying to grow their way out by continuing to bet heavily on equities and making ever-larger allocations to private equity, hedge funds, real estate, infrastructure and other illiquid assets.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With \uffe5108 trillion in assets under management, Japan\u2019s Government Pension Investment Fund (GPIF) is almost six times the size of CalPERS. \u201cEven more striking than the fund\u2019s gargantuan size is its composition: Fully three quarters of the GPIF is invested in bonds, including \uffe558.4 trillion of domestic bonds and \uffe514.4 trillion of government agency debt.\u201d [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1549,809,704,1105,1548,4,1267],"class_list":["post-1460","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-aum","tag-bonds","tag-calpers","tag-equities","tag-gpif","tag-japan","tag-strategy"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/1460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1460"}],"version-history":[{"count":2,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/1460\/revisions"}],"predecessor-version":[{"id":1463,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/1460\/revisions\/1463"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}