Performance was better.Dear editor, A notable omission from the article "Church investments fall victim to market" (September) is the actual investment performance of the Pension Fund in 2002. The fund is not invested with "the bulk of its investments in equities" as the article states, but in a diversified mix of bonds, North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and international equities, and real estate. In 2002, these investments recorded an overall loss of 2.4 per cent in the year. This result bettered the fund's performance benchmark by 4.9 per cent and ranked in the first quartile Quartile A statistical term describing a division of observations into four defined intervals based upon the values of the data and how they compare to the entire set of observations. Notes: Each quartile contains 25% of the total observations. of the universe of balanced fund managers. In other words Adv. 1. in other words - otherwise stated; "in other words, we are broke" put differently , the Pension Fund of the General Synod went through one of the worst investment years in a generation with a relatively small loss in its investments and posted better results than 75 per cent of its peers. In a balanced report, that surely should be worthy of mention. Ivor E. Quaggin Chairman, Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. Pensions Committee |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion