Head of World’s Top Pension Fund Looks Beyond Sovereign Debt
- Head of Japan’s GPIF looking at corporate, mortgage debt
- Miyazono took over $1.5 trillion fund amid record volatility
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The head of the world’s largest pension fund said he is looking beyond the safety of sovereign debt as an era of falling rates forces even the most conservative of investors to rethink playbooks.
Masataka Miyazono, the president of Japan’s mammoth Government Pension Investment Fund with 162.1 trillion yen ($1.5 trillion) in assets, said the fund is looking at a range of foreign debt as it sought to steady returns in pandemic-riven markets, after it swung from a record loss to a historic gain in the first six months of 2020.