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World's biggest pension fund reports worst post-crisis results

Japan's GPIF is down 3.8% or 5.3 trillion yen, due mostly to its foray into equities

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MR TAKAHASHI: He says said that he would reflect on the performance, but that the current portfolio has enough flexibility to adapt to different market conditions and he wants to run the fund steadily.

Tokyo

THE world's biggest pension fund has posted the worst annual performance since the global financial crisis, with losses exacerbated by unfavourable currency moves and a foray into equities.

Japan's US$1.3 trillion Government Pension Investment Fund (GPIF) lost 3.8 per cent