ABP hits record assets but falls short on funding

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NETHERLANDS - Stichting Pensioenfonds ABP has posted a record €220bn (US$278bn) in assets, but low interest rates are keeping the pension fund manager from hitting its target solvency level of 105%, ABP said.

"It's an unusual situation - ABP has more assets than ever before, yet despite this, the coverage ratio isn't increasing at the same rate. This is primarily because interest rates are at their lowe...

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