The Government Pension Investment Fund of Japan (GPIF), the world’s biggest manager of retirement savings, is looking to hire in-house investment managers for alternatives.
According to a job posting published on the fund’s website, GPIF is hiring separate professionals to lead investments in each of three asset classes, namely infrastructure, real estate and private equity.
For the post of real estate operations personnel (translated from Japanese), GPIF has called for applicants with more than three years’ experience in domestic and overseas real estate fund management or in a real estate asset management business.
Similarly, the requirements for the private equity investment manager and infrastructure investment manager role include three years of operational experience as an investor or an investment manager of a private equity or an infrastructure fund.
The deadline for applications has been listed as September 4, 2015.
The news of GPIF expanding its in-house portfolio management team comes amid widespread speculation about the next steps in the $1.1 trillion pension fund’s portfolio overhaul, which was officially announced in November last year.
Hiring investment managers for specific asset classes would lay the groundwork for the fund’s stated goals of investing 5 percent of its portfolio in alternatives.