Swiss funds down to 6.6%

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SWITZERLAND - Swiss pension funds only achieved half the returns in 2006 they achieved in the previous year, despite significantly diversified investment strategies, according to an institutional survey.

The Lusenti Partners survey, sponsored by Credit Suisse, reported a 6.6% return in 2006 compared with 11.3% in 2005 across 172 institutional funds with combined assets of CHF211.7bn. The main po...

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