Japan’s GPIF Suffers 4th Straight Quarterly Loss for 1st Time in 20 Years
Investment losses for the first three quarters of fiscal 2022 totaled more than $55 billion.
Treasurer John Schroder calls ESG investing a threat to democracy and individual liberty.
A conservative strategy proved effective in mitigating losses in a tough market.
Portfolio beats benchmark thanks to a private equity allocation exceeding the pension fund’s ‘allocation range tolerance.’
Asset value of trust fund falls by more than $2.7 billion to end the year with just over $40.1 billion.
CIO Ronald Schmitz credits outperformance to diversification strategy and strong private markets.