The performance of Irish pension fund managers recovered in March, with an average return of 1%, compared to a fall of 0.5% in February, according to Rubicon Investment Consulting.
The rise was attributed to the recovery of global equity markets in March, following a sharp correction in February, although Japanese and Irish stocks did not fare well.
Among the ten managed fund providers, returns in the month ranged from 0.6% from Irish Life Investment Managers to 1.8% achieved by AIB Investment Managers.
Over the first quarter AIBIM was the best performing fund managers with a return of 2.3%, while BIAM had the lowest return of -0.1%.
For the first three months of the year the average return is now 1.2%.
Over the past three years the average managed fund has shown a gain of 14% per annum, and over the past five years this falls to 6.8%.
Over the past five years Eagle Star has got the best return at 8.1% while at 5.1% KBC Asset Management is the lowest.
Over the past decade Oppenheim Investment Managers had the highest return at 11.8% and Canada Life/Setanta had the lowest at 7.9%, with the average return coming in at 9.2%.
In March Rubicon said European and UK stocks fared well on the back of merger and acquisition activity, but Irish stocks were flat as financial stocks failed to perk up over concerns on the sub-prime mortgage lending market in the US.
Bond prices fell over the month in response to concerns over inflation and rising interest rates.
And Japanese shares failed to recover lost ground in March, on concerns on the banking sector and job cuts at Nissan.
