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Investors Await Naming of CIO at World’s Largest Pension Fund

  • GPIF CIO Hiromichi Mizuno’s term will end on Sept. 30
  • Market reaction may be limited even if Mizuno leaves: Pictet
Hiromichi Mizuno
Hiromichi MizunoPhotographer: Andrew Harrer/Bloomberg

Japan’s Government Pension Investment Fund will likely announce next week whether its chief investment officer will continue to manage the monolith’s $1.48 trillion in assets.

Hiromichi Mizuno, whose term will end on Sept. 30, captained sweeping changes to the investment strategy of the world’s largest pension fund over the past five years. He became the GPIF’s first CIO in January 2015, overseeing the fund’s shift to stocks from domestic debt, while advocating assets that incorporate environmental, social and governance factors.