CRONOS FINANCE SA - Chemin de la Damataire 28 - CH - 1009 Pully - T +41 21 331 28 00 - F +41 21 331 28 01

L’HEBDO

16.12.2010

Cronos to help the second pillar

PENSION FUNDS HAVE TOO MUCH INDIRECT COSTS

Advocacy for transparency: Cronos Finance denounces the boom of indirect investments.

The creators of the young company Cronos Finance intend to manage all or part of the wealth of pension funds under a discretionary mandate. They denounce a current conflict of interest in advising provident institutions: the salaried experts of banking institutions seem more anxious to place the investment funds and structured products home in the portfolios of the customers than to aim the best performance for these latter.

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