GPF

fund on 1 show · 5 statements across 1 episodes

Capital Allocators

5 statements about GPF, every show

Mizuno: GPIF Mandated ESG Integration and Externality Control for Active Managers
“Last year, GPF made a very clear, explicit statement to our active managers that GPF expects all our active managers to integrate ESG into their investment analysis and decision making, and also, we Choose the active managers who control the negative externali…”
Hiro Mizuno Jul 9, 2020 ▶ 35:34 Sustainable Investing 10: Hiro Mizuno – Changing the Game (Capital Allocators, EP.148)
CAPITAL ALLOCATORS Assertion Not checkable as stated
Mizuno: Performance fee structure improved net alpha odds by roughly 30%
“We simulated, and I think the introducing that the fee structure only improved the chance of creating net of fee offer by almost like a 30%.”
Hiro Mizuno Jul 9, 2020 ▶ 27:41 Sustainable Investing 10: Hiro Mizuno – Changing the Game (Capital Allocators, EP.148)
Mizuno: GPIF shifted to multi-year contracts, ending quarterly performance reviews
“As a part of this new fee proposal, we also told the managers that from then on, we only retain the asset managers Who we are convinced to give them like a five-year or like a multi-year contract. We are not going to put the managers in a situation like their …”
Hiro Mizuno Jul 9, 2020 ▶ 26:25 Sustainable Investing 10: Hiro Mizuno – Changing the Game (Capital Allocators, EP.148)
Mizuno: GPIF moved active managers to performance fees with passive-rate base fees
“GPF basically proposed that all the acting managers change their fee structure to almost fully a performance-based fee. With the low base fee, which is the, as much as we would pay to the passive managers”
Hiro Mizuno Jul 9, 2020 ▶ 23:48 Sustainable Investing 10: Hiro Mizuno – Changing the Game (Capital Allocators, EP.148)
CAPITAL ALLOCATORS Assertion Supported
Mizuno: GPIF brand-name active managers delivered zero net alpha over 20 years
“GPF's brand name active managers portfolio delivered zero ultra net of fee. Over almost 20 years of GPF history.”
Hiro Mizuno Jul 9, 2020 ▶ 23:16 Sustainable Investing 10: Hiro Mizuno – Changing the Game (Capital Allocators, EP.148)

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