Europe's recovery pays off for Dutch pension funds

The largest fund in Europe, ABP, says that holding onto Spanish and Italian government debt has proved a good call

The biggest Dutch pension funds are cancelling cuts in payments to retirees, as the largest pension fund in Europe, ABP, reported gains on its €34 billion holdings in Spanish, Italian and French government bonds.

Reporting its year-end 2013 returns this morning, ABP said the value of its investments hit €300 billion exactly at the end of the year.

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