Japan’s GPIF lost a staggering $136 billion due to Q4’s rout in equities.
The late-year market slide happened quickly, CIO Baccher says.
Funds were on track to top 90%, but investment slumps brought them in slightly below 2017’s showing.
The world’s largest hedge fund pares stake in the social media juggernaut by 76% while refocusing its tech exposure.
The recovery from the market’s winter correction is aiding this month’s performance, so far.
Plan targets stock exchange practice that asset managers say leads to higher prices for investors like them.
High-yield managers continue 10-year index struggle.
Reductions to plan made to ensure December Congressional vote.