Swiss pension fund performance improves: CSAM

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SWITZERLAND - Swiss pension fund returns improved nearly 2% in the fourth quarter of 2004, outperforming the legal minimum requirement, according to Credit Swiss Asset Management (CSAM).

According to CSAM’s Swiss Pension Fund Index, pension fund performance rose from 101.36 to 103.3. If extrapolated to include all assets managed by independent Swiss funds, the absolute gain to pens...

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