Investment challenge students outpace stock market
14 interview. Reduce Bonds GPIF should put half its assets in equities and reduce bond holdings to about 40 percent within two years, Ito said. The Ministry of Health, Labor and Welfare, which oversees GPIFs budget, investment strategy and hiring, sets new targets for pension funds every five years based on the outlook for returns needed over the next 100 years to fund payouts. The Topix index surged 9.1 percent in the final three months of 2013 to cap a 51 percent annual gain, the most since 1999.
Board looks at changes in investment strategy
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The Land Board hired the firm early last year to determine how to diversify more than $3 billion in various trust fund investments. The firm was asked to do the same with the Strategic Investment and Improvements Fund. The last major changes to the boards investment strategy were about 10 years ago. Marcia Beard, a senior consultant with RV Kuhns, said its work centered on how to diversify the boards investments as well as ensure that the funds continue to generate revenue. The tentative schedule is for the new plan to take effect in the next six months.
Student teams from 25 universities within the utilitys service area participated in the challenge by managing real stock portfolios. With faculty guidance, the students designed long-term investment strategies and selected investments within certain guidelines established by TVA . Last year, the Standard and Poors 500 Index produced a 32.4 percent return, the best in 16 years. But students still managed to top it with a return of 33.8 percent. Tennessee Tech https://plus.google.com/+Theelevationgroup/ University had the top-performing team with a 47.7 percent return.