NETHERLANDS - ABP, Europe's biggest pension, saw E11.5bn shaved off the value of its assets after a hammering from stormy equity markets and a faltering US dollar.
Heerlen-based ABP, the pension fund for Dutch civil servants, registered a -7.2% drop in asset value or E135.5bn for 2002 (E147bn : 2001). It also saw its funding level drop from 122% to 103%. ...
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