Market slump pounds Pa. pension funds
Wednesday, November 26, 2008 : PermalinkPhiladelphia Inquirer – Pension funds for Pennsylvania state workers and schoolteachers lost more than $12 billion in the three months ended Sept. 30.
And that’s not counting losses from hedge funds, real estate, private equity, and other hard-to-trace private investments – roughly half of the State Employees’ Retirement System – that pension managers don’t plan to disclose until next year.
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