: Conflict-related market shocks, such as the Iran war, have severely impacted high-multiple growth stocks.
Primary drivers included a sustained market selloff in tech stocks following coordinated strikes between the US, Israel, and Iran in February 2026. : World’s Largest Pension Fund Lost the Equivalen...
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 : : Conflict-related market shocks, such as the Iran
In March 2026, the deficit for major public pension plans increased by in a single month. Shift in Rankings : Recent Major Losses for Global Pension Leaders :
The world’s top 300 pension funds saw assets fall by the largest amount in 20 years in 2022, a drop of (roughly $20.6 trillion).
The world’s largest pension funds – 2025 - Thinking Ahead Institute