World's biggest pension fund loses $64 billion amid equity rout

Aberdeen hit by £12.7 billion of outflows in fourth quarter

Martin Gilbert of Aberdeen Asset Management Pic: Bloomberg

The world’s biggest pension fund posted its worst quarterly loss since at least 2008 after a global stock rout in August and September wiped $64 billion (€60 billion) off the Japanese asset manager’s investments.

The 135.1 trillion yen (€1.04 trillion) Government Pension Investment Fund lost 5.6 per cent last quarter as the value of its holdings declined by 7.9 trillion yen, according to documents released in Tokyo. That’s the biggest percentage drop in ...