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

THE NOUVELLIST

01.02.2011

Cronos to help pension funds

SYNOPSIS PROPOSES A NEW MANAGEMENT FOR PENSION FUNDS.

Cronos Finance, a company founded by the Valaisan Jacques-André Monnier, proposes a new management for pension funds.

“Pension funds pay too much management costs.” In a sentence, Jacques-André Monnier, founder of Cronos Finance, questions the way in which the managers of the second pillar manage.

He explains: “Often, the specialists responsible for the allocation of assets of pension funds are remunerated by banks or other investment institutions. They will therefore seek primarily to place products from their employer rather than offer the best choices based on the needs of their customers. This increases costs and hurts performance. We propose a different approach to the management of pension funds. ”

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