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The equity fund declines topped the $30 billion investors withdrew last September when terrorists attacked the World Trade Center and the Pentagon, according to the report, which was released by the Investment Company Institute.
But the privately held company, which also runs retirement services, brokerage and benefits outsourcing businesses, said it posted record sales of bond and money market funds last year, helping offset stock fund declines.
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The fund declined to comment on Monday.
The fund declined 6percentt in 2006.
A spokesman for the New Jersey pension fund declined to comment.
The monetary fund declined to comment on Friday.
Justin Fishner-Wolfson, who heads the fund, declined to comment.
In 2008, the average fund declined by more than 19%.
A spokesman for the fund declined to comment.
A spokeswoman for the fund declined further comment.
In 2002, the Columbia Floating Rate fund declined 0.6percentt, according to Morningstar.
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