GPIF in-sources majority of assets

For the first time in its history, Japan’s  ¥113.6 trillion ($1.4 trillion) Government Pension Investment Fund is managing the majority of its assets via internal teams. This reflects both a decision to in-source more management of its passively managed domestic bond portfolio, as well as to shorten the duration of its holdings, because the Japanese pension fund manages more short-term positions by itself. The GPIF is Asia’s third-largest institutional investor, following the Pe…