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Illinois pension fund supports Gross's call to lower expectations

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Mr Gross told fund managers who have been counting on returns of 7 per cent to 8 per cent to expect a more realistic 4 per cent, given current market conditions.

Dallas

ILLINOIS'S largest public pension agrees with Bill Gross's admonishment that it's time to face up to the reality of lower returns and reduce assumptions about what funds can make off stocks and bonds.

Fund managers who have been counting on returns of 7 per cent to 8 per

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