A simpler reading: portfolio optimization with quantum computers is, for now, an academic curiosity. The idea that a test bench limited to 250 S&P 500 assets on a 64-qubit system proves anything for pension funds is an oversimplification. For a fund like the GPIF, market variables are much broader and transactional liquidity constraints dominate. For example, managing a multi-billion dollar portfolio with millions of different securities requires robustness and operational parsimony that are inaccessible with current technology.