GPIF’s long-term strategy blocks CIO clarification
With only a six month addition to Hiromichi Mizuno’s tenure, it is unclear who will execute the world largest pension fund’s extended investments plans, which face a revamp in early 2020.
Japan’s Government Pension Investment Fund (GPIF) has been forced to kick the can further down the road on who will be its long-term chief investment officer.
On October 1 it was announced that Hiromichi Mizuno will continue his tenure as CIO for another six months, until March 31 next year. The relatively short-term extension for Mizuno, who officially took up the reins as CIO in January 2015, reflects the fact that appointments for GPIF executive directors cannot be extended fur…
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