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    Assets of major public pension funds fell 8.5% in third quarter

    Thu, 12/29/2011 - 01:00 EDT - LA Times

    The quarterly decline was the first since early last year and the steepest since the fourth quarter of 2008, when the asset total plummeted 13.5%.The stock market's summer slide took a toll on public pension funds, with the assets of the 100 largest ones down 8.5% in the third quarter, according to the Census Bureau.

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