GPIF sheds $42bn in quarterly market loss

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JAPAN - Japan's $1.4trn Government Pension Investment Fund (GPIF) returned -2.94% in the quarter ended June 30, equating to a loss of $42bn in assets.

In the first quarter of fiscal year 2010, a loss on market investments of 3.61% was partially offset by gains of 0.33% in Fiscal Investment and Loan Programme (FILP) bonds, a type of Japanese gover...

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