US public funds up 5.5% in Q4 2010

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US - State and local government pension fund assets rose by 5.5% in the last quarter of 2010 as stock market gains helped recoup losses incurred since the financial crisis.

The assets of the 100 largest government employee retirement systems grew by $138bn to $2.64trn in the last three months of the year, reaching the highest level since the second quarter of 2008, fi...

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