Should GPIF shift some assets into active strategies?

Government Pension Investment Fund’s (GPIF) investment return might have fallen less in the last fiscal year had it deployed active strategies for its foreign equities. But this relative performance alone may not be enough to convince the pension fund to shift some of its mostly passively managed assets back into active management. The pension fund recorded a painful -5.2% rate of return for its ¥150.63 trillion ($1.43 trillion) investment assets in its fiscal year of April 2019 a…