WSJ News Exclusive | Beleaguered Public Pension Funds Make Record Gains in Second Quarter

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WSJ News Exclusive | Beleaguered Public Pension Funds Make Record Gains in Second Quarter
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Many public pension funds broke records for quarterly investment returns—but still badly missed their long-term targets

Public pension funds set a 22-year performance record in the second quarter, recovering some but not all of their losses from the first quarter. Double-digit stock gains pushed pension returns to a median 11.

1% for the second quarter, according to Wilshire Trust Universe Comparison Service.
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