Finland's KEVA looks directly to hedge funds
July 06, 2009
The local government pension fund has invested via FOHFs since 2001, but now plans to diversify into direct investment to improve returns and transparency.
The local government pension fund has invested via FOHFs since 2001, but now plans to diversify into direct investment to improve returns and transparency
By Pirkko Juntunen
Finnish institutional investors have embraced hedge fund investments over the past few years and, despite the fall in equity markets in 2008, institutional investors in Finland still invest an average of 4.3% of total assets in hedge funds. Compared to the figure of 5% at the end of 2008, the...
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