Hedge Fund News From HedgeCo.Net


Pension funds lose $1.5 trillion in share slump

Reuters- 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, consulting firm Watson Wyatt said on Wednesday.

With the average allocation to equities within pension funds in the 11 largest pension markets at 56 percent, they have felt the pain of the global equities market slump, while pension liabilities grew faster than their assets last year, said Watson Wyatt.

"2007 was a year of two distinct halves," said Roger Urwin, Watson Wyatt’s global head of investment consulting. "In the first half pension fund balance sheets continued to strengthen, but faltering markets in the latter half largely undid these gains. Severe market events this year suggest that balance sheets will remain under pressure."

Read Complete Article

Related Posts Plugin for WordPress, Blogger...

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Uncategorized. Bookmark the permalink.

Comments are closed.