The top 25 state and local US pension investment funds suffered an estimated paper loss of $169 billion in public equities after US President Trump’s tariff announcement.
The losses came in the four trading days between April 3 and April 8, following US Trump’s announcement on global tariffs, according to a report by Equable Institute, a New York-based the bipartisan nonprofit organization that focuses on pensions. For the whole year so far, the top funds have lost an estimated $249 billion, according to the group.
The total losses for the whole US public retirement system will likely be ...
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