In April, GPIF issued a call for application of asset management for alternative assets. : Japan’s ¥157trn (€1.18trn) Government Pension Investment Fund (GPIF) has hired Mitsubishi UFJ Trust and Banking Corporation as its domestic real estate investment manager. In April this year, GPIF issued a call to fund-of-fund managers for domestic and overseas real estate and infrastructure to apply for investment mandates. GPIF said it will create separate domestic and global real estate mandates. The latter will be differentiated by North America, Europe and “others”. The world’s largest pension fund has been planning to create a 5% allocation to alternative asset classes.