Pension Funds
GPIF, Explained: Japan's $2 Trillion Pension Giant
How Japan's Government Pension Investment Fund — the world's largest pension fund — invests close to ¥293 trillion through a famously simple four-asset model.
Topic
Pension Funds
Coverage, charts, video and research on Pension Funds for universal owners.
Latest in Pension Funds
Pension Funds
CalSTRS, Explained: The World's Largest Educator Pension Fund
How CalSTRS — the largest educator-only pension fund on earth — invests over $400 billion, where its funded status sits, and why its Collaborative Model matters.
Pension Funds
CalPERS, Explained: Inside the Largest US Pension Fund
How CalPERS — America's largest public pension fund — invests roughly $600 billion, where its funded status sits, and why allocators watch its every move.
Pension Funds
Pension Risk Transfer and Buyouts, Explained
What pension risk transfer means, how buyouts and buy-ins differ, why higher rates triggered record de-risking, and how it reshapes institutional capital.
Pension Funds
CPP Investments, Explained
How CPP Investments grew into one of the world's largest and most globally diversified pension funds — its mandate, strategy, returns and benchmark debate.
Pension Funds
Pension Funded Status, Explained
How to read the single number that tells you whether a pension can pay what it owes — and why the same plan can show several funded ratios at once.
Pension Funds
The Discount Rate and Pension Liabilities, Explained
Why a single assumption — the discount rate — can swing a pension plan's reported liabilities by hundreds of billions, and how the post-2022 rate regime reshaped funded status.
Pension Funds
Defined Benefit vs Defined Contribution Pensions
Who bears the investment risk, how each model invests, and why the decades-long shift from DB to DC quietly rewired the world's pension capital.
Pension Funds
Liability-Driven Investing (LDI), Explained
LDI matches pension assets to pension promises. How it works, why leveraged versions broke in the UK in 2022, and what allocators learned.
Pension Funds
The World's Largest Pension Funds
Who the biggest pension funds are, how much they manage, and why pension capital is concentrating into a handful of giants.
Sovereign Wealth Funds
Sovereign Wealth Fund vs Pension Fund: Key Differences
Both are giant long-horizon investors, but they answer to different owners and different liabilities. How sovereign wealth funds and pension funds actually differ.
Pension Funds
What Is a Pension Fund?
A clear, sourced definition of a pension fund: what it is, how defined-benefit and defined-contribution plans differ, how pension funds invest to meet liabilities, and who the largest are.
The Daily Brief
The morning briefing for the people who allocate long-horizon capital.
Research, charts, video and podcast analysis for the institutions investing at the scale of the world.
Five minutes, five days a week. Complimentary — subscriptions are reviewed by our editorial desk, and you'll receive a notice once approved.
You’re on the list. Tomorrow’s brief will arrive in your inbox.
Please enter a valid email.