Japan’s Mega-Pension Fund Hit with over $50 Billion Loss Last Quarter

[kreslik.news]

Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, has just announced its investments results for the first quarter of fiscal year 2016, which showed its worst performance since the global financial crisis, with losses exacerbated by unfavourable currency moves and a foray into equity markets.

Portfolio losses for Japan’s $1.3 trillion GPIF in the three months ending June 30, 2016, amounted to 5.2 trillion yen ($52 billion), or 3.9 percent, which effectively wiped out all the gains that the fund made since it revised its investment strategy to place a heavier weighting on equities.

Government Pension Investment Fund decided ... (read more)