US - The Virginia Retirement System (VRS) has registered a $3bn loss for the 2001 financial year - its first loss for 17 years.
The VRS, the 29th largest pension fund in the US and 44th internationally, suffered a 7.4% loss for 2001, leaving the value of its total portfolio at $37.6bn. The VRS claims that turbulent equity m...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date