Teacher Pension Fund Reports Loss During Quarter, But Makes it Up

NOVEMBER 16, 2004 - Posted at 7:44 a.m. CST

LITTLE ROCK, AR - The sluggish economy and unsettled markets took their toll on the holdings of the Arkansas Teacher Retirement System during the year's third quarter.  But the economic recovery has more than made up the difference.

An investment consultant told members of the system's board Monday that the value of the system's holdings declined by 1.1 percent during the three months that ended September 30.

The decline during the quarter totaled $124 million, out of system holdings that total over $8 billion.  The value of the system's assets has since rebounded to an all-time high of $8.36 billion.

(Copyright 2004 by The Associated Press.  All Rights Reserved.)