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$400 million in state pension funds lost.
The financial sector funds lost money in spectacular style.
In the second quarter, the funds lost $43 million.
Municipal bond funds lost 2.1percentt, on average.
Over all, domestic diversified stock funds lost 3.1percentt.
In 2008 state pension funds lost more than 25% of their value.
DealBook » Paulson's Post-Traumatic February | One of Paulson & Company's main funds lost 1.5 percent in February.
In 2008, as the stock market tumbled, the mayor's Quadrangle funds lost millions.
But since many hedge funds lost spectacular sums in 2008, their credibility has been shaken.
As the chart shows, returns are still lacklustre: funds lost 1.9% in April.
During that period, the largest corporate pension funds lost an average of $3 billion each.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com