Pensions brace for private-equity losses

Public pensions reported returning a median minus 7.9% for the fiscal year ended June 30, their worst losses since 2009, according to data from Wilshire Trust Universe Comparison Service. (Photo: ThinkStock) — Public pensions reported returning a median minus 7.9% for the fiscal year ended June 30, their worst losses since 2009, according to data from Wilshire Trust Universe Comparison Service. (Photo: ThinkStock)

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4 min read . Updated: 25 Sep 2022, 05:46 PM IST Heather Gillers, The Wall Street Journal

Retirement officials predict grim results from investments in private equity and other illiquid assets

Public pension funds are already reporting big losses in 2022. Things are likely to get uglier.

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