News

Japan's pension giant picks infrastructure manager

Rail_transit_constructionThe Government Pension Investment Fund (GPIF) of Japan has selected StepStone Infrastructure & Real Assets to manage an infrastructure fund of funds mandate. The mandate is part of a plan to raise the alternative asset class allocation of the world's largest pension fund to 5%. The fund also appointed Sumitomo Mitsui Asset Management as “gatekeeper” of the infrastructure fund of funds mandate, a role that will reportedly involve carrying out due diligence, overseeing custody and setting up a managed account structure. In a similar announcement in December, the fund appointed Mitsubishi UFJ Trust and Banking as the manager of a real estate “core strategy” fund of funds. StepStone Infrastructure & Real Assets says it has allocated more than $130 billion of assets and currently manages more than $34 billion. The firm is part of StepStone Group, a global private markets firm. ©2018 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.