PP Pension mixes dynamic asset allocation with risk management for headline making performance. By Pirkko Juntunen
Investing pension assets is more akin to a marathon race than a short-distance sprint, and only a few have been in the run longer than PP Pension in Sweden. The former Pressens Pensionskassa, the pension fund for the media industry, was created in 1882 and continues to be owned by its members. Over the years, it has become widely respected and well-known for its often unusual and contrarian investment style.
Viveka Ekberg and Cecilia Thomasson Blomquist
Even in the annus horribilis of 2008, the $1.2 billion fund only posted a loss of 3.2%, compared to an average loss of 20% in 2008 among pension funds within the OECD, according to numbers from the OECD. Until the beginning of 2009, Tomas Lindstrand was at the helm of the journalists' fund and, under his 10-year...