The Credit Suisse Pensionskassen Index covered pension funds recorded a negative return of 0.4% in the first half of 2011, IPE reports. The index had returned 0.81% in the first quarter and -1.22% in the second quarter of 2011.

The second quarter loss may have been caused by the -1.32% return on foreign equities, -0.41% on foreign debt, -0.23% on domestic equity and -0.22% on alternatives. All other asset classes, including foreign equities, foreign debt, domestic equity and alternatives, remained unchanged over the first half.

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