Tuesday, 13 May 2014 00:01
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I was pleased to read the response of Mr. Nihal Rodrigo, Superintendent of EPF to the matters that have been raised by various persons in relation to the management of the EPF. What is striking is that the EPF portfolio had an unrealized gain of Rs.18 billion in December 2010, although such gain had changed into an unrealized loss by December 2011. What is even more striking is that no one found fault with the EPF when there was such a massive unrealized gain in 2010.
Since EPF has made strong and steady returns, over the past several years, I agree with Mr. Rodrigo that the EPF has done well in managing its massive portfolio. It is therefore time for us to understand the concepts of investment as explained by Mr. Rodrigo, and not interfere with the management of this important institution, by trying to score political points.
D Vithanage
Colombo.
