Assets of Top 200 U.S. Pension Funds Sink 14 Percent
Pensions & Investments (01/02) Vol. 30, No. 2 p.1; Kennedy, Mike

Results from Pensions & Investments magazine's annual survey finds a continued decline in the assets of the nation's biggest retirement plans. According to the survey, assets of 200 of America's largest retirement plans fell 14.4 percent to $3.5 trillion, just one year after reaching the $4 trillion mark. In addition, assets of the largest 1,000 funds, which had peaked at $5 trillion last year, fell 12.7 percent to $4.8 billion. Among defined benefit plans, the aggregate allocation to domestic equities fell 43.2 percent for the top 200 and 44 percent for the top 1,000, while international equity exposure dropped less than one percentage point for both the top 200 and top 1,000. Experts like Janine Baldridge, director of client relationships for the consulting arm of the Frank Russell Co., said 2001 was easily "one of the worst one-year time periods we've ever had." Just one corporate plan had a good showing and that was General Dynamics Corp, which reported growth without any assistance from M&A activity. The company rose 14 spots to become the 95th largest plan sponsor after reporting a 3.5 percent increase in total assets.

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