The cost of a political crisis

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That the third quarter was turbulent was no surprise. But recently released funding figures for pension funds and asset under management figures for asset managers have helped us crystallise the cost of the uncertainty surrounding the future of the EU and US growth prospects.

To recap: Canadian pension funds with a combined C$340bn in assets posted their worst quarterly returns since 2008 in the third quarter, with performance down 3.2% and assets down 5.5%, according t...

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