US public and private pension funds adopt opposite strategies

Mar 23, 2010

In the US, corporate pension funds are cutting their allocations to risky assets, while public funds are increasing them, says Greenwich Associates.

US defined-benefit (DB) plans suffered losses in their asset value of 19% from 2008 to 2009 before the recovery began around March last year. The drop in total value from $7.2 trillion to $5.9 trillion led both corporate and public funds to react -- but in very different ways, according to survey findings* released yesterday by US-based Greenwich Associates.

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