Japan’s Pension Fund Weighs Bitcoin and Gold for Investment Diversification

cryptonews.com:

Japan’s Government Pension Investment Fund (GPIF) said Tuesday that it is seeking information regarding diversifying into illiquid assets such as Bitcoin, gold, forests, and farmland.

The GPIF aims to refine its core investment portfolio with a focus on long-term sustainability, taking into account major economic and social shifts. It plans to conduct research aligned with its Fiscal Year 2023 objectives, seeking input on aspects related to investments.

GPIF said it won’t offer compensation for any information provided, according to a Japanese translation of the announcement.

Breaking: Japan’s Government Pension Investment Fund, the world’s largest pension fund with $1.5 trillion under management, announced that it will seek information on business diversification, including Bitcoin, gold, forests and farmland.

This announcement is a request for…

— Wu Blockchain (@WuBlockchain) March 19, 2024

While actively seeking information, there remains uncertainty regarding its potential expansion into new investments.

GPIF currently invests in a portfolio that includes both domestic and international markets. These encompass stocks, bonds, and various government bonds. Moreover, the fund integrates environmental, social, and governance (ESG) considerations into its strategy to enhance long-term returns. With assets totaling approximately $1.5t, it is recognized as the largest pension fund globally.

GPIF’s primary goal is to generate investment returns over the long term to support public pension benefits. All this while minimizing risk to the pension system.

Interest from pension funds in the crypto space isn’t new. For instance, South Korea’s National Pension Service made headlines last year when it invested around 26 billion won