NYC funds return 20% in FY 2011

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US - New York City's pension funds have recorded investment returns of more than 20% in the year to June 30, their highest posting for 13 years.

City comptroller John C. Liu said preliminary data indicates the funds' values at about $119bn at the end of the fiscal year, exceeding the $115bn pre-2008 crash peak and the June 30, 2010 valuatio...

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