PERF diversification pays off

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US - The Indianapolis-based Public Employees' Retirement Fund (PERF) has seen its assets grow US$1.3bn over the last year.

In the tax year ending 30 June, 2006, PERF's assets under management grew to $14.6bn and its investments delivered a return of 10.4%, beating both the benchmark of of 9% and the targeted actuarial ...

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