Money managers say a fundamental reconsideration of fee arrangements is underway at the world's biggest pension fund.
Kang Myoun-Wook is resigning as chief investment officer of South Korea's $489.7 billion National Pension Service.
Japan's Government Pension Investment Fund shifted an initial 3% of its domestic equity allocations to three newly minted indexes constructed around ESG factors.
The Bank of Japan's negative interest rate policy this year could push Japanese corporate pension funds to allocate more to alternative investments at the expense of domestic bonds, said a recent J.P. Morgan Asset Management survey.
For the world's biggest pension fund, size apparently has its privileges — at least when it comes to retaining external managers.
South Korea's National Pension Service is moving to build a globe-spanning organization to facilitate an aggressive increase in allocations to offshore assets.
Japan's Government Pension Investment Fund reported a 5.2% investment gain to ¥137 trillion ($1.15 trillion) for the Tokyo-based pension fund's fiscal third quarter ended Dec. 31.