US- The largest US state pension funds lost a combined US$865.2bn in the past year as drops in the equity markets chipped away at their market values, estimates The Center for Retirement Research at Boston College.
The Center tracked the losses in the equity market values of the 109 largest pension funds in the country from their peaks on Oct. 9, 2007, to their drops through Dec. 16, 2008. During that time, t...
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