1.4% drop from 2000: Terrorist attack, corporate controversy spark decline; Sept. 11, Enron cited as reasons behind 2nd year of falling assets.

Pensions & Investments, August, 2002 by Jacobius, Arleen

Correcting market forces propelled by the Sept. 11 terrorist attack and the Enron debacle reversed the growth trend of internally managed defined contribution assets for the second year in a row, according to Pensions & Investments' annual survey of defined contribution money managers. Internally managed defined contribution assets dropped to $2.08 trillion as of Dec.

31, dipping 1.4% from the year before. Total defined contribution assets were relatively flat, growing by a slim 1.7% to $2.33 trillion. (A portion of this increase could be attributed to the 26 additional money managers surveyed this year, for a total of 347 managers in this year's survey. One manager that wasn't part of last year's survey, General Motors Asset Management Corp., New York,...

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