The level of GDP growth for Canada will be published on June 28, at 15:30 MT time.
Japanese GPIF recruits managers for alternative assets
Japan's Government Pension Investment Fund or GPIF for short started recruiting asset managers for investments in private equity, real estate and infrastructure on Tuesday, as the world's number one pension fund's embrace of risky assets gathers pace.
In its maiden recruitment of outside managers for investments in alternative assets, GPIF is on the verge of hiring an unspecified number of institutional traders to oversee bets in Japan as well as other developed countries.
The fund in 2014 minimized its holdings of low-yielding domestic government bonds and injected more in stocks. Apparently, the landmark move followed a government intention to stimulate higher returns on pension investments and take Japan out of deflation.
The whole scale of investment in the three asset classes will be decided only after the fund has evaluates candidates' investment real capacities, as a GPIF spokesman told. Initial checks on applications are expected to start on June 1.
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