Pension funds lose $1.5 trillion
Thursday, January 31 - 2008 at 08:11
A new report by consulting firm Watson Wyatt has found that the global share sell-off may have wiped up to $1.5 trillion off the value of global institutional pension fund assets since the start of this year. With the average allocation to equities within pension funds in the 11 largest pension markets at 56%, they have felt the pain of the global equities market slump, while pension liabilities grew faster than their assets last year, said Watson Wyatt.
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Jeff Florian, Senior ReporterThursday, January 31 - 2008 at 08:11 UAE local time (GMT+4)
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