JapanÆs biggest investor shakes up fund managers

The GPIF is troubled by portfolio æstyle driftÆ as it seeks to create active satellites around a passive core structure.

Asia's biggest institutional investor, the Ñ26 trillion ($208 billion) Government Pension Insurance Fund, which administrates assets for Japan's social security system, is engaged in a radical overhaul of its fund management structure, says Noboru Terada, executive investment officer.

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