Worldвђ™s Largest Pension Fund Lost The Equivalen... ⚡

The fund has since recovered significantly, booking a in the October–December 2025 quarter, despite 1.53 trillion yen in losses on domestic bonds. Wider Industry Impact and Trends Broad Market Declines :

: Conflict-related market shocks, such as the Iran war, have severely impacted high-multiple growth stocks.

Faced another quarterly loss in late 2024, its worst in over four years, due to losses in foreign bonds and foreign/domestic stocks. World’s Largest Pension Fund Lost the Equivalen...

: For funds like the GPIF, a depreciating dollar has historically dragged down the value of overseas securities.

As of 2025, Norway’s Government Pension Fund Global has overtaken Japan’s GPIF as the world’s largest pension fund by assets after the GPIF held the top spot for over 20 years. : The fund has since recovered significantly, booking a

The world’s largest pension funds have navigated a period of extreme volatility, with major losses reported across leading institutions due to geopolitical instability and market shifts. Recent Major Losses for Global Pension Leaders :

Lost approximately (1.9%) in the first quarter of 2026 alone. : For funds like the GPIF, a depreciating

In March 2026, the deficit for major public pension plans increased by in a single month. Shift in Rankings :