New Head of World’s Largest Pension Takes Long-Term View

japan tokyo

The new President of Japan’s Government Pension Investment Fund pledged this week to take a long-term view on investing; he also dropped several other tidbits, including his intention to not push to manage stocks internally.

Norihiro Takahashi took the reins of the pension fund on Friday.

More from Bloomberg:

Japan’s $1.2 trillion Government Pension Investment Fund is willing to ride out market turbulence, said its new head, who pledged to maintain the asset manager’s long-term strategy.

Norihiro Takahashi, 58, takes over as president of the world’s biggest pension fund from Friday. Being a responsible steward of the nation’s retirement savings is a top priority, Takahashi said at a press conference in Tokyo. GPIF should diversify across asset classes including non-traditional ones, he said.

“For an organization to achieve long-term returns, they need to approach their portfolio management the same way,” said Takahashi, speaking after the health ministry appointed him to the top job on Friday.


Takahashi won’t push to manage stock investments internally after a proposal to do so was deferred, he said. He joins GPIF with a pedigree including managing a debt portfolio at Norinchukin Bank, an agricultural cooperative lender. He was most recently president of closely held JA Mitsui Leasing Ltd.

GPIF oversees $1.2 trillion in assets.


Photo by Ville Miettinen via Flickr CC License

Share This Post

Recent Articles

Leave a Reply

Privacy Policy | © 2020 Pension360 and © 2014 Policy Data Institute | Site Admin · Entries RSS ·