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.
Tag: Swiss
Swiss Bank Admits to Laundering over $36 Million in FIFA Bribes
Bank Julius Baer has agreed to pay nearly $80 million in penalties for its role in soccer bribery scheme.
Asset Management Culture
Swiss Asset Manager GAM to Double Savings in Two Years
After dismal 2019, the firm’s board will not receive a bonus, and the CEO will forego a $256,000 cash award.
Swiss State Pension Publica Divests from Weapon Firms
$38 billion fund is selling off its stakes in five arms manufacturers.