HONG KONG -- Managers' returns on global balanced portfolios for Hong Kong pension funds ranged from a high of 16.9% to a low of -37.8% in 1997, according to Watson Wyatt Hong Kong.
The median return was -7.3%.
Only six of 24 managers reporting data posted overall positive results last year.
They were: Scudder, Stevens & Clark Asia Ltd., up 16.9%; J.P. Morgan, 9%; Principal Insurance, 6.7%; LGT Asset Management, 5.6%; Morgan Grenfell, 2.4%; and Rothschild Asset Management, 0.9%.
