Wilshire Analytics, the investment technology unit of Wilshire Associates, reportedthe median performance of public pension funds was up 3.89% in the third quarter while corporate pensions gained slightly less at 3.74%. TUCS includes approximately 300 plan participants representing approximately $2 trillion in assets.
According to the TUCS data, for those with assets greater than $1 billion,all master trusts had a rate of return of 4.15%, while public funds showed a median increase of 4.06%. Corporate funds performance almost mirrored public funds with an increase of 4.05% during the third quarter. For the past 12 months, the median performance for all master trusts with assets greater than $1 billion was 14.54%, with public funds up 13.75% and corporate funds showing a median gain of 14.64%.
All master trusts, corporate funds, public funds, and foundations and endowments invested between 60% and 65% of assets in equities.