$1.5 trillion wiped off pensions funds

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$1.5 trillion wiped off pensions funds

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01-31-2008, 10:05 PM

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$1.5 trillion wiped off pensions funds

Consulting firm Watson Wyatt has said up to $1.5 trillion (£753 billion) has been wiped off the value of global institutional pension fund assets since the start of 2008.Roger Urwin of Watson Wyatt said with the average allocation to equities within pension funds in the 11 largest pension markets at 56%, they have felt the [...]

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