Japan’s GPIF remains the largest pension fund in the world for the 20th straight year.

Falling equity markets and rising interest rates are blamed for the portfolio’s $7.7 billion loss.

Join CIO on September 20 for a conversation with San Bernardino County Employees’ Retirement Association’s CIO Donald Pierce. He’ll discuss the decision to move out of international and emerging markets stocks and more into U.S. equities, how the fund is managing global and domestic fixed income in a time of rising interest rates and inflation, and much more. Register today.

Governor Ron DeSantis and other GOP pols seek to stamp out sustainability-minded investing, charging that it delivers poor results.