Romanian funds return 15.1% in 2010

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ROMANIA - Romania's mandatory pension funds returned 15.1% in 2010 and saw assets under management rise to €1bn ($1.3bn) for the first time.

The nine Second Pillar funds, which were launched in May 2008, also reported a rise in membership to 5.19 million; an increase of 275,000 since the beginning of the year. Voluntary pension funds...

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