GPIF CIO laments focus on short-term results

Asset owners are finding it harder to conduct long-term investing due to a combination of stricter capital requirements, media obsession over quarterly pension fund performance and asset managers focused on high fees and short-term results. That was the conclusion of investment professionals – among them the chief investment officer of Japan's $1.2 trillion Government Pension Investment Fund (GPIF) – at the 10th annual PRI in Person conference in Singapore yesterday, an event orga…