Pension Funds

Japan’s GPIF puts out call for alternative investment specialists

Japan's 158.6 trillion ($1.43 trillion) Government Pension Investment Fund is looking to hire alternatives investment professionals with experience in private equity, venture capital, infrastructure and real estate.

A posting Monday on the Tokyo-based pension fund's website called on interested applicants with more than three years of experience as:

The posting said applicants must have sufficient English ability to communicate well with overseas institutions.

Details on the application process can be found, in Japanese, on the GPIF website.

The GPIF's latest results for the quarter ended June 30 showed the pension fund still at the beginning stages of its push into alternatives strategies. While allocations to alternatives rose roughly 60 billion from the end of March, that still left the fund with a mere 17-basis-point weighting, well below the 5-percentage-point ceiling allowed under the GPIF's asset allocation targets.