The median U.S. master trust which includes pension plans, endowments and foundations lost 5.1% in the quarter ended March 31, according to the Wilshire Trust Universe Comparison Service. Annualized median returns for the one-, three- and five-year periods ended March 31 were 0.3%, 7.37% and 11.01%, respectively.
The median corporate pension plan return for the first quarter was -5.57%, while the median public plan return was -4.99%. The median foundation/endowment returned -5.32%; median Taft-Hartley and non-profit returns were -4.33% and -5.27%, respectively.
The results were expected, given declines in equity markets worldwide, Hilarie C. Green, managing director and head of Wilshire Analytics performance reporting division, said in a news release. Here in the U.S., the equity market suffered its worst quarterly loss since the third quarter of 2002, with the Dow Jones Wilshire 5000 posting a -9.52% return, as the first three months of the year each returned negative results, she said. Combined with November and December of 2007, weve seen five consecutive months of market losses.
The TUCS universe includes more than 1,300 plans with a combined $3.17 trillion in assets.