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Beleaguered Public Pension Funds Make Record Gains in Second Quarter
The Wall Street Journal; subscription may be required 
Aug. 4, 2020 "Public pension funds set a 22-year performance record in the second quarter, recovering some but not all of their losses from the first quarter. Double-digit stock gains pushed pension returns to a median 11.1% for the second quarter ... Even with the rebound, median annual returns for the public pensions whose fiscal years ended June 30 were 3.2%, far short of the funds' long-term investment-return target of around 7%." |
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