Crossing the Rubicon

The latest news and opinion from Rubicon Investment Consulting

A Frosty February for Irish Pension Managed Funds

Irish pension managed funds were under the weather during February, losing 1.8% on average over the month. Davy Asset Management and Merrion Investment Managers topped the table over the second month of the year, with returns of -1.3%, while Setanta Asset Management lagged the peer group over the month, with a return of -2.7%.

February’s losses wiped out January’s gains, leaving managed funds 0.9% in the red on average over the first two months of the year. Merrion Investment Managers lost the least ground over the year to date, with a return of -0.3%, while Setanta Asset Management lost the most with a decline of 2.2%. Over the past twelve months, Irish pension managed funds have delivered just 3.3% on average. Returns for the past year ranged from 4.4% (Aberdeen Standard Investments) to 1.2% (Setanta Asset Management).

The average managed fund return has been 3.7% per annum over the past three years. The five-year average return is a strong 9.8% per annum. Irish group pension managed fund returns over the past ten years have been 6.1% per annum on average.