Government Pension Investment Fund, Tokyo, hired three active domestic equity managers and one active international equity manager, said an announcement on the pension fund’s website.
Allocation sizes and funding sources could not be learned by pres time.
In October, the pension fund announced it was boosting its target allocations for domestic and international equities to 25% each, from 12% each.
The Japanese pension fund’s investment portfolio was valued at ¥130.9 trillion ($1.1 trillion) as of Sept. 30.
The GPIF had 14 active Japanese equity managers running a total ¥2.6 trillion as of March 31, compared with 10 passive managers with ¥18.3 trillion. For foreign stocks, 15 managers ran ¥2.1 trillion in active investments, compared with six managers overseeing ¥17.6 trillion in passive strategies.
Bloomberg contributed to this story.