As part of its strategy to expand its investment portfolio, the Pension Fund of Japan Investment Fund (GPIF) has begun an in-depth review of low-liquidity assets.
On March 19, 2024, GPIF announced its intention to gain further insights into bitcoin, #gold and farmland. The fund emphasized that the exercise is part of a comprehensive five-year review of investment opportunities in light of economic shifts, social dynamics, and rapidly evolving technology.
【情報提供依頼】GPIFは、低流動性資産等に関する有益な情報やアイデアを募集します。https://t.co/1irwYhCa6dpic.twitter.com/kfgivTCFU0
— GPIF (@gpiftweets) March 19, 2024
According to the document, GPIF is requesting basic asset information, including academic research, valuation tools, benchmarks, investment examples and the possibility of inclusion in pension funds.
It is worth noting that the document does not talk about direct investment in #digital assets. The initiative is currently in the process of collecting data before discussion and risk assessment.
According to the report, GPIF allocates funds between government bonds, foreign securities, equities, real estate and infrastructure.
Pension funds such as Houston Firefighters and the National Pension Service of #South Korea invest in bitcoin and other virtual assets.
GPIF is the largest pension fund in the world, managing $1.4 trillion in assets, according to Bloomberg. Anthony Pompliano, founder of Morgan Creek Digital, has consistently supported cryptocurrencies as the primary investment vehicle for pension funds.
The announcement came shortly after the #Japanese cabinet approved a bill allowing venture capitalists to hold cryptocurrency assets.
