Japan’s GPIF revamps equity strategy amid uncertain global markets

Japan’s Government Pension Investment Fund (GPIF) is responding to the turmoil in the global economy by tweaking its equity investment strategy. The fund posted its first quarterly loss in two years as declines in global stock and bond markets for the three months to the end of March hurt the value of its assets. GPIF's saw the portfolio drop 1.1% overall during the quarter, reducing its total assets to ¥196.6 trillion ($1.46 trillion), according to its latest annual report summar…