Japan’s Government Pension Investment Fund is looking to hire investment specialists to oversee the ¥141 trillion ($1.17 trillion), Tokyo-based pension fund’s external manager operations.
The position is new, a GPIF spokesman said in an e-mail.
The pension fund called for applicants with more than five years’ experience managing domestic or international stocks, or domestic or international bonds. Experience evaluating, analyzing and selecting external funds at an money management organization or investment consulting firm is desirable, as is sufficient English language capabilities to collect information from overseas managers and consultants.
The position is posted on the GPIF’s website.
Over the past year, the GPIF has pursued an unprecedented shift from domestic bonds — the one asset class where the pension fund managed a significant 23% chunk of the total portfolio in-house — to risk assets largely overseen by external managers.
As of March 31, the close of its latest fiscal year, the GPIF had 21 external managers running a combined ¥31.7 trillion in passive and active domestic equity strategies; 20 managers running ¥30 trillion in international equity strategies; and 13 managers running international bond strategies. Another 11 firms managed the ¥20 trillion in domestic bonds not managed in-house.