UK - The Universities Superannuation Scheme (USS) saw £4bn (US$6.5bn) wiped off its value in Q1 as a result of adverse market movements, according to the fund's annual report.
The UK's second largest pension scheme reported the fund's value plunged 11% from £32.6bn at 31 December 2007 to £28.8bn at 31 March this year. And ten year returns on the fund were also below t...
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