World’s Biggest Pension Fund Loses $51 Billion
The world’s biggest pension fund posted the worse annual performance since global financial crisis with losses extended by unfavourable currency and a foray into equity markets.
“Japan $1.3 trillion Government Pension Investment Fund lost 3.8% in the year ended 31st March or 5.3 trillion yen ($51 billion).”
Japan $1.3 trillion Government Pension Investment Fund lost 3.8% in the year ended 31st March or 5.3 trillion yen ($51 billion). This is the biggest drop since the fiscal year ended 31st March 2009. It lost 10.8% on domestic equities and a 9.6% on shares in other markets while Japanese bonds handed the fund a 4.1% gain.
About Government Pension Investment Fund
The pension fund for Japanese public sector employees. The GPIF pension fund is the largest in the world, with approximately $1.3 trillion (122 trillion yen) in assets under management as of 2009. The GPIF contributes to the stability of the Employee’s Pension Insurance and National Pension programs.
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