Sweden's SPK exits funds of funds, but does not rule them out
Thu May 7, 2009
Sparinstitutens Pensionskassa’s chief executive officer Peter Hansson explains the thought process behind a new strategy view sans hedge funds
Sparinstitutens Pensionskassa's chief executive officer
Peter Hansson explains the thought process behind a new
strategy view sans hedge funds By Pirkko Juntunen Swedish
pension funds seem to have a love/hate relationship with hedge
funds, with AP7 most recently shunning hedge funds altogether
in favour of replicators. That said, there are a still a number
of pension funds including the $500 million Arkitekternas
Pensionskassa and the $4.2 billion Kåpan Pensioner, that
are moving towards hedge funds. Kåpan is implementing its
investment policy that was decided last year to increase
alternative investments, including property and commodities as
well as hedge funds, to 19% of total assets. But like most
pension funds globally, the fund is waiting for calmer world
markets before allocating assets. The $2.5 billion pension fund
for the Swedish post office, Postens Pensionsstiftelse has also
taken steps to increase alternatives in line with its long-term
strategic asset allocation....
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