US - Both public and corporate pension funds suffered a notable dip in median performance in 2005, but corporate plans still ended the year on top, according to Wilshire Associates.
Wilshire’s Trust Universe Comparison Service (TUCS) found the median performance of corporate pension plans was 7.63% in 2005, while public pension funds gained slightly less, returning 7.55%. That compared poorly to 2004, when corporate funds showed median gains of 11.79% while public funds median performance returned 11.63%.
For plans with assets greater than US$1bn, public pension funds showed a median return of 7.9% for 2005, compared to 11.78% the year before.
Corporate pension fund performance exceeded that of public funds in 2005 with a gain of 8.58%, but that was still down on the 12.23% median gains of 2004.
The fourth quarter performance for public and corporate pension funds in 2005 was 2.28% and 2.17%, respectively.
The TUCS is a cooperative effort between Wilshire Analytics, the investment technology unit of Wilshire Associates, and custodial organisations, and covers approximately 335 plan participants representing approximately $2.3trn in assets.
By Damian Clarkson
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