Irish Pension Schemes fail to beat Inflation over 10 Years ; Funds down 32.7% on average in 2008
Dec 3rd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish pension managed funds fell by 4.7% on average during November. Eagle Star was the best performing manager over the month with a return of -3.4%. Irish Life Investment Managers delivered the worst performance over the month, with a return of -5.7%. So far this year, pension funds have declined a worrying 32.7% on average, while over the past year pension funds have lost 33.4%.