Japan’s ¥258.7 trillion ($1.71 trillion) Government Pension Investment Fund, Tokyo, released a list of its money manager hires for the current fiscal year, set to conclude on March 31, which included familiar names as well as a few newcomers.
A March 7 posting on the GPIF’s website showed the giant pension fund inking contracts, dated June 6, 2024, for the following managers of active overseas equities: J.P. Morgan Investment Management; WorldQuant Millennium Institutional Advisor JP; The Putnam Advisory Co.; Applied Finance Capital Management; Columbia Management Investment Advisors; M.D. Sass; Epoch Investment Partners; Jacobs Levy Equity Management; Connor, Clark & Lunn Investment Management; and Acadian Asset Management.
The announcement showed Acadian and Jacobs Levy garnering two mandates apiece.
Details on the size of the GPIF mandates weren’t provided. GPIF releases that information only once a year, in July when it releases its annual report for its fiscal year ended March 31.
Most of the managers winning those mid-June mandates are already managing money for GPIF, including J.P. Morgan, Putnam, Applied Finance, Columbia Management, Epoch and Jacobs Levy.
Managers being added to the GPIF’s roster for the first time include M.D. Sass; CC&L and Acadian.
Separately, GPIF reported signing a contract with BlackRock on Nov. 13 for that firm’s Aladdin technology platform.
