Irish pension funds lost 7.5% in first two months of 2009; Ten year annual loss average at 1%
Mar 4th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish pension funds lost further ground in February as the global recession appeared to deepen. Over the month, the average fund declined 5.7%, on the heels of a 1.9% loss in January, bringing the return for 2009, year to date, to a loss of -7.5%.