NETHERLANDS - The three major Dutch pension funds PGGM, ABP and PME all posted negative returns in the second quarter of 2006, however all increased their cover ratios by small margins.
PGGM posted a negative return of -0.8%, down from 3.5% in Q1, or 2.6% adjusted to balance sheet risk. Assets under management rose slightly at PGGM to e74.5bn in the second quarter of 2006, from...
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