GLOBAL - Global institutional pension fund lost US$5trn in assets, shrinking by around 19% during 2008, a study of 11 major pension markets by Watson Wyatt has revealed.
The study said the contraction was in sharp contrast to an average five-year growth rate (to end 2007) of 12% per annum, taking assets back to below 2005 levels. The study also found the ratio ...
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