December 3, 2019 / 10:47 AM / 12 days ago

Japan pension fund GPIF announces halt to stock lending

TOKYO, Dec 3 (Reuters) - Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, announced on Tuesday it has suspended stock lending, saying the practice is inconsistent with its stewardship responsibilities as a long-term investor.

“The current stock lending scheme lacks transparency in terms of who is the ultimate borrower and for what purpose they are borrowing,” the GPIF said in a statement on its website. (Reporting by Tim Kelly; Editing by Andrew Heavens)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below