Irish Pension Funds; Up 4.2% in April but down 7.7% in 2008
May 2nd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Having declined 11.4% over the first three months of the year, Irish pension funds rallied during April, rising 4.2% on average. Standard Life Investments were the best performing manager over the month with a return of 5.1%. Oppenheim Investment Managers delivered the weakest performance over the month, returning just 2.9%. So far this year, pension funds are still in the red, by 7.7% on average. Although it is too early to be confident, last month’s returns may signal the beginning of a recovery in the fortunes of pension funds. Irish pension funds have now lost 12.6% of their value over the past twelve months.