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6. The following are total valuations of a pension fund (000s). Year 1st Jan 1st April 1st July 1st Oct 2008 5154 5406 5394 4212 2009 4812 4554 4440 5400 2010 6000 On 30th June 2008 100000 worth of equities were sold. On 30th September 2008 equity dividends of 300 000 were received and a company contribution of 200 000 was received on 2nd October 2008. Interest on cash of 60 000 was received on 1st April 2009. Investment managers were paid 180 000 from the fund on 30th September 2009. (a) Calculate the money weighted rate of return for the last two quarters of 2008. (b) Calculate the annual effective time weighted rate of return per annum earned on the fund over the period 1st January 2008 to 1st October 2009. 6. The following are total valuations of a pension fund (000s). Year 1st Jan 1st April 1st July 1st Oct 2008 5154 5406 5394 4212 2009 4812 4554 4440 5400 2010 6000 On 30th June 2008 100000 worth of equities were sold. On 30th September 2008 equity dividends of 300 000 were received and a company contribution of 200 000 was received on 2nd October 2008. Interest on cash of 60 000 was received on 1st April 2009. Investment managers were paid 180 000 from the fund on 30th September 2009. (a) Calculate the money weighted rate of return for the last two quarters of 2008. (b) Calculate the annual effective time weighted rate of return per annum earned on the fund over the period 1st January 2008 to 1st October 2009

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