Japan’s Government Pension Investment Fund (GPIF) has appointed US financial services firm BNY to provide alternative investment data.
The US firm announced its appointment in a statement on October 22, saying the Japanese pension giant chose its data and analytics platform to provide “high-quality granular data of alternative assets”.
“By consistently collecting investment look-through data directly from general partners, combined with strong data validation capabilities, BNY will provide vital support for GPIF to achieve its investment objective,” the firm says.
According to Kunio Watanabe, BNY Japan’s country executive, the appointment “sets a new standard for quality data for investment decision-making among global asset owners as alternatives continue to grow in their portfolios”.
GPIF is the world’s largest pension fund, with US$1.7 trillion of assets under management as of end-June.
New York-based BNY had $57.8 trillion of assets under custody and/or administration and $2.1 trillion of assets under management as of end-September.
