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Bonds Buoy Gains by U.S. Public Pensions in Third Quarter; Median Gain is 4.67 Percent
Bloomberg Businessweek Link to more items from this source
Nov. 6, 2012
"U.S. public pensions ended the third quarter with a median gain of 4.67 percent as bond managers beat their benchmarks by buying riskier debt and fixed-income securities with longer maturities, Wilshire Associates said. The gains raised returns for state- and local-government pensions with assets of more than $1 billion to 8.2 percent for the 10-year period through Sept. 30, the first quarter since 2007 that funds of that size surpassed 8 percent over a decade."

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