Pension funds recover from February crash

IRISH pension funds are experiencing mixed fortunes this year with most making up February’s losses in March, to deliver average growth of just 1.2% over the first three months of the year.

Irish pension managed funds were up an average of 0.9% in March, according to the latest figures released by Mercer Investment Consulting. While Rubicon Investment Consulting put the monthly increase at 1%.

AIB Investment Managers emerged as the best performer so far in 2007 with a return of 2.3%, according to both Rubicon and Mercer.