GLOBAL - The average assets to gross domestic product ratio for OECD pension funds dropped from 75.5% of GDP in 2007 to 63.4% in 2008, according to the Organisation for Economic Co-operation and Development.
Latest figures from the international body show that the US experienced a record 24.2% decline in the value of assets in the last year, amounting to a loss of US$2.6tn. Conversely, only three co...
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