US - Corporate pension plans with assets in excess of $1bn posted a median performance of -7.09% for the first quarter of 2009, according to the latest Wilshire Trust Universe Comparison Service.
Wilshire Analytics' Performance Reporting division managing director and head Hilarie Green said: "The US stock market posted a disappointing -10.56% return in the first quarter of 2009, its sixth consecutive down-quarter and the longest such streak in the 28-year history of the Wilshire 5000 Index."
However, she added: "The news wasn't all bad during the quarter, as US stocks advanced 8.7% in March, which was the Wilshire 5000's largest monthly return since December 1991. From its low on March 9, the market rallied an impressive 18.45% percent to close the quarter."
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