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A Disastrous December for Irish Pension Funds
A Disastrous December for Irish Pension Funds
Rubicon Investment Consulting
8 Jan 2019 Ireland Countries - excl. European Union and US, Investment - General, Investment - Performance
Key Details:
  • 2018 was the worst year for Irish pension funds since 2008, with managed funds losing 5.2% on average over the year. With all funds delivering negative returns, Davy Asset Management produced the least worst return at -2.0% over the past twelve months. The lowest managed fund return was that of Merrion Investment Managers, which fell 8.9%.
  • With managed funds having treaded water for most of the year, all of the losses came during December, as funds returned -6.0% on average over the final month of 2018. Setanta Asset Management topped the peer group during December with a return of -5.2%, while Zurich Life propped up the table with a 6.9% loss.
  • The final quarter of the year saw Irish managed pension funds fall back 9.3% on average. Davy Asset Management and Setanta Asset Management fared best, with 7.9% declines, while Merrion Investment Managers delivered the poorest return over the three months, at -11.7%.
  • The average managed fund return has been a lacklustre 2.4% per annum over the past three years. The five-year average return is a more respectable 6.4% per annum. Irish group pension managed fund returns over the past ten years have been a robust 9.3% per annum on average.

Active managed fund returns (%), - 31 December, 2018


1 month
Rank
3 months
Rank
1 year Rank
3 years
Rank
5 years
Rank
10 years
Rank
Aberdeen Standard Investments
-6.2
5
-9.9   
5
-6.9
5
1.0
6
5.6
5
9.9
2
Davy Asset Management
-5.6
2
-7.9   
1=
-2.0
1
3.5
2
7.3
2
8.9
3
Friends First/BMO
-5.9
3
-8.7
4
-4.6
4
2.8
5
6.4
4
8.8
5
Merrion Investment Managers
-6.4
6
-11.7
7
-8.9
7
-1.9
7
4.6   
7
8.5   
6=
New Ireland
-6.1
4
-8.6
3
-7.1
6
3.1   
4
5.4   
6
8.5   
6=
Setanta Asset Management -5.2   
1
-7.9   
1=
-2.7
2
5.3   
1
8.2
1
10.5   
1
Zurich Life -6.9  
7
-10.5   
6
-4.5
3
3.3
3
7.2
3
9.8   
3
Average                                                -6.0   

-9.3

-5.2

2.4   

6.4

9.3

Notes

While every care has been taken in developing this calculator and populating the database to which it is linked, no responsibility is accepted for errors or omissions howsoever arising. The information provided is intended as a general guide only. You should seek professional advice before taking any action on the basis of these figures.

Unit prices are provided to Rubicon Investment Consulting by each investment manager and the performance figures quoted herein are calculated on the basis of these prices. Rubicon Investment Consulting relies on the investment managers for the accuracy of the data provided and does not take any responsibility for any errors or omissions.
source: Rubicon Investment Consulting Press Release
3B113591E