Japan’s Government Pension Investment Fund, one of the world’s largest retirement funds, is about to increase its unusually small staff as the assets it oversees balloon.
GPIF, which managed ¥260 trillion (US$1.8 trillion) in assets at the end of June, only has 187 employees, versus 676 at Norway’s Government Pension Fund Global, which oversaw the equivalent of $1.92 trillion at the end of 2024. Similarly, large retirement funds in Canada and California manage less than a third of what GPIF does, but each has more than 2,000 people on payroll.
