Global pension fund assets shrink to 1997 levels

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GLOBAL - A staggering US$1.4trn was knocked off institutional pension fund assets last year, dragging values down to levels not seen since 1997.

The world’s eleven biggest markets - totalling 95% of global pension fund assets - slid 12% in 2002 to US$10.7trn, according to the latest annual global survey from consultants, Watson Wyatt. Ro...

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