Survey: Assets of world's largest funds down

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GLOBAL - Total assets of the world's 300 largest pension funds fell 12% in 2001, according to the annual survey by Pensions & Investments and consultants Watson Wyatt.

Assets totaled US$5.43trn last year, compared with US$6.17trn in 2000 - a sharp contrast to the 8.5% growth reported year-end 2000. The US, Japan and the UK retained the three top spots in terms...

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