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Investing February 3, 2009
Institutional Investors Post Nearly 25% Loss in 2008
February 3, 2009 (PLANSPONSOR.com) - The performance
of institutional investors' portfolios for the 2008 calendar
year was down approximately 25%, according to the Wilshire
Trust Universe Comparison Service (Wilshire TUCS).
Reported by Rebecca Moore
A news release said Taft Hartley funds with assets greater than $1 billion saw the worst returns at -27.49% for the year and -15.59% for the fourth quarter,
The median performance of all master trusts for the year ended December 31, 2008, according to Wilshire data, was -24.54% with a quarterly return of – 12.83%. The median performance of corporate pension plans was -25.85% for the year and -13.09% for the quarter, while public pension funds median performance was -24.91% for the year and -13.18% for the third quarter.
The one-year median performance for foundations and endowments was -26.19% and the quarterly performance was -13.82%. The quarterly median return for all Taft Hartley funds was -11.77% with the one-year at -21.47%.
The median rates of return for all master trusts and public pension plans with assets greater than $5 billion were close at -26.15% and -26.18%, respectively, for the year. Public plans reported a median quarterly performance of -13.71% and all master trusts reported -13.68%.
Wilshire TUCS includes nearly 1,200 plans representing $2.55 trillion in assets.
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