Sweden’s Skanska takes notes from Einstein
Fri Jun 3, 2011
Construction firm Skanska’s pension foundations put their success down to a focus on absolute return – and meticulous investments
By Pirkko Juntunen
Since the financial
crisis risk management and risk budgeting have become the
buzz-words du jour among pension funds. The topic is on the
agenda of every conference, and there is certainly a lot of
talk about bringing the topic of risk to the fore. However,
when it comes to implementing strategies that truly focus on
risk, few veer too far from their peers in terms of asset
allocation. Equities usually hover somewhere between 35% to
55%, bonds perhaps slightly less and alternatives rarely above
15%, depending on national preferences.
There are a few brave exceptions, and they tend to be the
largest players in each country which are diversifying and
looking further afield because of necessity and resources
available to them. But there are exceptions and one that is
perhaps the most exceptional of all is Skanska
Pensionsstiftelser, the Swedish pension foundations of the
multinational construction company...
ISSN: 2151-1845 / CDC10004H
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