US - New York City pension funds dropped in value by 8.5% in Q3, but comptroller William C. Thompson Jr. said its diversification strategies had helped it weather the storm better than other public funds.
The total value of the pension funds dropped from $104,729.6bn to $95,964.2bn in the three months until 30 September 2008. However, the losses were less than other funds, such as the California ...
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