Credit crunch eats up Publica reserves

By 2008-09-26T16:20:00

Credit crunch eats up Publica reserves

[17:20 CEST 26-09] SWITZERLAND – Publica, the Swiss pension fund for federal employees, saw its CHF32.5bn (€20.5bn) assets decline by almost 5% in the first half of this year, forcing the scheme to tap further into its reserves.

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