KLP reports 7.7% 2004 return

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NORWAY- Kommunal Landspensjonskasse (KLP) has posted 7.7% returns for 2004 net of payments for pensions and damages, according to preliminary reports. The figure includes value adjusted returns and hold-to-maturity bonds, KLP reported.

“In recent years, KLP has concentrated on building financial strength and on providing stable and predictable returns,” said Bjørn Kristoffersen (pictured), KLP’s group CEO. “The company’s investme...

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