Update: Institutional plans post negative first-quarter returns

The median corporate, public and foundation/endowment plan experienced negative results for the first quarter of 2008, Mercer's latest Summary Performance of US Institutional Portfolios survey finds. During the quarter, the median corporate plan saw a 5.5 percent loss, while public plans and foundation/endowment funds lost 5.1 percent and 5.0 percent. The median large-cap value manager outperformed growth-oriented counterparts by 210 basis points, but both produced negative results. The median core fixed-income manager underperformed the Lehman Brothers Aggregate Index by 70 basis points.  (Update, 28 May 2008, 7 pages)

• Full Update (PDF)

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