Virginia Retirement System , Richmond, reported its assets fell for...

Virginia Retirement System, Richmond, reported its assets fell for the second consecutive year, to $34.5 billion for the fiscal year ended June 30. The system’s assets have dropped more than $7.5 billion from a peak of $42 billion in August 2000, said Nancy Everett, CIO. The pension fund lost 16.6% on its $15.2 billion domestic equity portfolio in the fiscal year ended June 30, and its $5.4 billion portfolio of international equities lost 7.4%.