Romanian schemes up 9% in Q1

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ROMANIA - Romanian mandatory private pension funds posted a 9.5% profit for the first quarter of 2010 and gained 24.2% in the 12 months ending March 31, data by pension supervisory authority Comisia de Supraveghere a Sistemului de Pensii Private (CSSPP) revealed.

CSSPP said third pillar voluntary private pension funds posted an average return of 9.1% for the first quarter of 2010 and of 23% for the last 12 months. Romanian Pension Funds' Association (APA...

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