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Finance

Japan pension 'whale' GPIF suffers longest losing streak since 2009

Fed rate hikes roil markets, sending fund to 3rd straight quarter of losses

Japan's largest public pension fund has been rocked by market volatility this year.

TOKYO -- Japan's Government Pension Investment Fund, one of the world's largest institutional investors, posted its third consecutive quarterly loss Friday to mark its longest slump since the global financial crisis.

The GPIF reported an investment loss of 1.72 trillion yen ($11.6 billion) for the second financial quarter ended September, finishing with about 193 trillion yen in assets under management.

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