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Romanian pension fund managers object to planned ban on PE investments

The decision envisaged by the Financial Supervisory Authority (ASF) to ban mandatory private pension funds (Pillar 2) from investments in private equity funds "does not serve the interest of the Romanian economy," argue representatives of seven private associations of assets management, investors and contributors to pension funds.   ASF announced it considers such a ban in the context of the frauds revealed at pension fund ...

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