The World’s Largest Pension Fund Blames Brexit for a $51.8 Billion Loss — Fortune

The Government Pension Investment Fund, the world’s largest pension fund, suffered investment losses of 5.2 trillion yen ($51.8 billion) in the fiscal first quarter as its returns fell on the back of tumbles in global equities. GPIF said Britain’s surprise vote to leave the European Union in June was the catalyst for the latest paper…

via The World’s Largest Pension Fund Blames Brexit for a $51.8 Billion Loss — Fortune

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