GPIF Posts Quarterly Loss on Stocks, Paring Yearly Gain

Japan’s stock rout in the quarter through March spurred the first loss for the world’s biggest pension fund in almost two years, just as it moves toward buying more equities.

The Government Pension Investment Fund lost 0.8 percent on its investments in the final three months of the fiscal year, trimming assets under management to 126.6 trillion yen ($1.2 trillion), GPIF said in a July 4 statement. The quarterly loss was the first since the April-June period of 2012, reflecting a