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Dutch pension giant ABP troubled by market turmoil

The €242bn fund warns its capital position has deteriorated sharply in the past few days

The Netherlands' ABP, one of the world's biggest pension funds, on Wednesday became the latest victim of the recent market turmoil after warning that its capital position has sharply deteriorated in just a few days.

ABP, a fund that covers around 2.8 million active and retired civil servants, said the market slump is having a substantial impact on its funding ratio, which measures its assets relative to its liabilities.

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