Japan's Government Pension Investment Fund is looking for investment consultants to advise the ¥129.7 trillion ($1.25 trillion), Tokyo-based pension fund on its allocations to alternative asset classes.
Proposals are due by 5 p.m. Japan Standard Time on Nov. 14, according to an RFP posted on the GPIF website Friday.
The pension fund could hire more than one firm.
Interested parties can attend a briefing to be held at the pension fund's offices in Tokyo at 1 p.m. Japan Standard Time on Oct. 26.
Candidates can obtain explanatory materials by sending an e-mail to [email protected], with the following heading: Request for briefing materials regarding consulting business for alternative investments; interested firms also can call 03-3502-2485.
The investment consulting contract will extend from the date the contract is signed until March 31, 2020, the RFP said.
In October 2014, when the GPIF slashed a 60% allocation target for Japanese government bonds to 35%, and roughly doubled its targets for domestic and international equities to 25% each, the pension fund also established a 5% allocation to alternatives.
As of Sept. 30, allocations to alternatives amounted to a mere ¥65 billion, or five basis points of the overall portfolio.