Belgian schemes show record negative returns in '02

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BELGIUM - Last year was a record negative year for Belgian pension fund returns, according to the results of a survey from the Belgian Association of Pension Funds (BAPF).

The average weighted return for the year was -11.92%, but wide variations were evident within the results. Half the funds showed returns between -8.6% and -16.8%. The survey covered 123 pension ...

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