World's biggest pension fund loses $52 billion
Japan's Government Pension Investment Fund, the world's biggest pension fund, posted 5.2 trillion yen ($52 billion) or 3.9% loss in the quarter ended June, reducing assets to 129.7 trillion yen, it stated on Friday. The decline follows a 5.3 trillion yen loss in the fiscal year through March, the worst annual performance since the global financial crisis, analysts said. 