Sweden's SPK exits funds of funds, but does not rule them out
May 07, 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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