Why we are changing our fund fee structure: GPIF CIO
In the second part of an interview, Hiromichi Mizuno tells AsianInvestor why the Japan pension giant is making the fees it offers fund houses performance-related.
Japan's Government Pension Investment Fund (GPIF) made headlines this week when it confirmed that it would start offering the fund houses that oversee its active equity and bond portfolios performance-related fees from April 1, allowing fund managers that offered genuine alpha to earn more while cutting the fees of those that underperform.
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