mast image

Special Report

Impact investing


Slovak funds see turnaround in Q3

Related images

  • Slovak funds see turnaround in Q3

Related Categories

SLOVAKIA - Slovak funds have further strengthened their positive return base for 2009 thanks to a 0.6% investment return in the third quarter, according to data published by ADSS, the pension fund organisation .

Funds were left with negative returns for the second quarter as regulatory requirements, including lower fees and a new benchmark, had to be fulfilled by July and dragged potential returns downwards. (See earlier IPE story: Slovak funds down amid ‘dramatic changes’)

Since July, Slovak pension funds - similar to their Czech counterparts - have had to guarantee a positive return over a six-month period on all portfolios.

Should the return be negative, the balance has to be made up from a buffer fund or from the company’s assets.

Managed assets in the mandatory system grew from €2.23 at the end of 2008 to €2.7bn by the end of September 2009.

If you have any comments you would like to add to this or any other story, contact Julie Henderson on + 44 (0)20 7261 4602 or email


Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2543

    Asset class: Search of an Asset manager / Advisor managing / Advising a risk-based equity derivatives overlay program.
    Asset region: Global Developed Markets Equities, Global Emerging Markets Equities, Swiss Equities.
    Size: CHF 700-2100 million.
    Closing date: 2019-06-17.

  • QN-2544

    Asset class: Transitional Real Estate Debt.
    Asset region: North America (USA/Canada).
    Size: $50-100mn.
    Closing date: 2019-06-17.

  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

Begin Your Search Here