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In early May pension investors had reason to be optimistic about 2006. The S&P 500 had delivered a return of nearly 7% and EAFE was up more than 18%. But things changed dramatically later in the late spring. Between mid-May and mid-June market gains on the asset side vanished. Markets were hurt again during the […]

  • September 25, 2006 September 13, 2019
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