US - The Sacramento County Employees' Retirement System (SCERS) produced an investment return of -0.8% in the last quarter of 2007 but retained 8.4% over the calendar year.
At 31 December 2007, the fund's overall value stood at $6.17bn, a fall of $86.2m over the previous three months. Tom Lightvoet, adviser to the fund from Mercer, told the retirement board on 21 F...
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