World’s Biggest Pension Fund Loses $52 Billion in Stock Rout

Updated on
  • Japan’s GPIF wipes out all gains since shift to shares
  • Investment losses are no reason to change strategy: Sera

The world’s biggest pension fund posted a $52 billion loss last quarter as stocks tumbled and the yen surged, wiping out all investment gains since it overhauled its strategy by boosting shares and cutting bonds.

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