Pensions
Swiss Pension Fund Publica Lost 9.6% in 2022
The $47.8 billion fund, which still outperformed its benchmark, blamed the decline on ‘massive upheaval’ of global financial markets.
Publica has cut some stocks to de-risk, and will also sell some of its bonds as part of a new strategy.
$38 billion fund is selling off its stakes in five arms manufacturers.