Massachusetts state pension fund returns 13.39%

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US - The Massachusetts state pension fund posted a return of 13.39% for fiscal 2005 with assets rising to US$36.3bn.

The one-year return outperformed the S&P 500 over the same period, which returned 6.32% and exceeded the actuarial rate of return of 8.25% and the policy benchmark return of 12.49%. Announcing t...

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