Update: Institutional plans post negative second-quarter returns

The median corporate, public and foundation/endowment plan experienced negative results in the second quarter of 2008, Mercer's latest Summary Performance of US Institutional Portfolios survey finds. During the quarter, the median corporate plan saw a 1 percent loss, while public plans and foundation/endowment plans lost 0.7 percent and 0.4 percent. The median growth manager outperformed its value-oriented counterparts by 490 basis points in the quarter. The median core fixed-income manager outperformed the Lehman Brothers Aggregate Index for the quarter but underperformed on a one-year basis.  (Update, 15 Aug 2008, 8 pages)

• Full Update (PDF)

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