SWITZERLAND - After a tough 2001 for Swiss pension funds with average losses of almost 7%, the first quarter of 2002 is looking a little better. The median manager in the InterSec Balanced Universe returned 1.1% for the first quarter of 2002.
Although the return was in positive territory it was below the InterSec Balanced Benchmark return of 1.6% and just below the Pictet BVG/LPP index return of 1.2%. The main driver of this underperfor...
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