Public pension plans lost a median 13.2% in the three months ended March 31, according to Wilshire Trust Universe Comparison Service data released Tuesday, slightly more than in the fourth quarter of 2008. Marchs stock market plummet led to the biggest one-quarter drop in the 40 years the firm has been tracking.
It was a horrible quarter for all public funds, said Chicago Teachers Pension Fund Investment Chief Angela Miller-May.
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