Irish managed funds post losses of 34.8%

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IRELAND - Irish pension schemes lost €27bn (US$36.7bn) in 2008 on the backs of poor performing Irish equity markets, a report by Rubicon Investment Consulting reveals.

The average pension managed fund posted losses of 34.8% for the year, returns of -10.5pc per annum over three years and -0.8%pc per annum over a five year period. Rubicon Investment Consulting ...

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