Thursday, March 3, 2011

Dutch Pension Funds Invest in Suppliers of Weapons to Libya

The RTL News Media has undertaken an analysis of the investment of Dutch pension funds. It came to the conclusion that six major pension funds invest in weapon suppliers of Libya. They hold 350 million Euro in shares and debentures of such companies. The economic research company Profundo assumes that this is the tip of the iceberg as it has only investigated the ten largest pension funds in the Netherlands out of 500. Gerard Riemen, Director of the umbrella body of pension funds (Pensioenenfederatie) said that all investments had been done according to the rules

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