Japan wants GPIF to raise alternative investments from 1.7% toward 5%

Japan is preparing to let the Government Pension Investment Fund (GPIF) put far more money outside regular stock and bond markets, according to Reuters and Nikkei on Sunday. GPIF, the world’s biggest pension fund, managed about $1.8 trillion and held only 1.7% of its portfolio in alternative investments in March. Officials want that share to...