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.
In an earlier interview held at AsianInvestor's 7th annual Japan Institutional Investor Forum on March 15, GPIF's chief investment officer, Hi…
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