Institutional Investors Boast 11.58% 2004 Showing
A news release from Wilshire Analytics, the investment technology unit of Wilshire Associates, reported the 2004 data for the Trust Universe Comparison Service (TUCS) – a cooperative effort between Wilshire Analytics and custodians. TUCS includes 350 plan participants representing approximately $2 trillion in assets and measures the performance of corporate and public plans as well as endowments and foundations.
According to the TUCS data, master trusts with assets greater than $1 billion performed slightly better with median gains of 8.05% during the fourth quarter and 12.02% for the year. Public funds’ median performance was up 8.05% for the quarter and 11.63% for the year while corporate funds showed median gains of 7.98% for the quarter and 11.79% for the year.
For those with assets greater than $1 billion, public funds median performance increased 8.05 % for the quarter and 11.78% for the year while corporate funds showed median gains of 8.05% for the quarter and 12.23% for the year.
In terms of US equities, the fourth quarter of 2004 turned a year of mixed results into a second year of double-digit returns. During the fourth quarter, the Dow Jones Wilshire 5000 gained 8.3%, for an increase of approximately $1.1 trillion in market value. While TUCS showed a median performance gain for all master trusts in 2004 of 11.58%, those with an equity allocation of greater than 60% gained 11.82% and those with an equity allocation less than 40% gained 5.85%.
You Might Also Like:
DOL Prevails in Court Orders, Removing TPA From Acting as Fiduciary for Sponsors
Newport Group to Acquire Part of Evercore's Trust Business
The institutional trust and fiduciary business of Evercore's subsidiary Evercore Trust Company will become part of Newport Group.
Investment Products and Services
« At Urging of PBGC, Rosemore Assumes Crown Central Petroleum Pension Plan