Ahold tops up fund after heavy equity losses

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NETHERLANDS - Ahold, the Dutch retailer, has decided to pay an extra e13m to its pension fund this year to help mitigate losses sustained in the equity portfolio.

The e1.3bn pension fund of sustained losses of 12.9% for the year ended 31 December 2002. Losses were incurred largely due to the fund’s 50% allocation to equities which suffered losses of 27.3%. ...

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