‘Mega’ Public Pensions Beat Small Funds in 2012: Wilshire
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Investment returns earned by “mega” public pensions, with assets of more than $5 billion, topped those of the smaller plans by almost 1 percentage point last year, according to Wilshire Associates Inc.
Big government-employee pensions reported median returns of 13.43 percent for the year. Funds with less than $1 billion in assets, which don’t invest as much in so-called alternatives like private equity, hedge funds and real estate, had median returns of 12.47 percent, according to Wilshire.