U.S. institutional investors saw a strong close to 2020 with the equity market in the fourth quarter, helping fuel median gains of 12.5% for the year, according to Northern Trust Universe data.
The Universe tracks the performance of more than 380 large U.S. institutional investment plans with a combined value of $1.4 trillion.
“The fourth-quarter median plan return ranked as the second best over the past 10 years, trailing only 2020’s second-quarter return,” said Mark Bovier, regional head of Investment Risk and Analytical Services at Northern . . .
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