Irish pension managed funds delivered positive returns on average during March, with a mean gain of 0.4% for the month. However, there was a wide range of returns among the funds, with Setanta Asset Management taking top spot with a return of 1.7% for the month, while Standard Life Investments propped up the league table with a return of -0.4%. Managed funds returned 1.9% on average over the first quarter of 2014.
Setanta Asset Management delivered the strongest
return over the quarter at 3.4%, while Prescient Investment Managers produced
the weakest return, returning 0.2% over the same period. Over the past twelve
months, the average fund return was 10.7%. Returns for the year ranged from
13.0% (Standard Life Investments) to 9.0% (Kleinwort Benson Investors and
Prescient Investment Managers).
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