Assets of the world's largest 300 pension funds grew by nearly 10 percent in 2012 to $14 trillion, according toresearch by Towers Watson.
That growth rate — vs. about 2 percent seen in 2011 — was the highest recorded in recent years, though it's still not at the levels seen before the recession.
Asia Pacific funds had the highest growth rate of 7 percent, while European fund saw an increase of 6 percent. North America saw a slight 1 percent decrease, while Latin American and African regions combined grew 11 percent.
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