Institutional Investors

Finland’s Ilmarinen set to top up hedge fund holdings to former level


Finnish insurer Ilmarinen is understood to be looking to build up its hedge fund portfolio again having redeemed some of its holdings during 2011.

The $35 billion fund – a long-established hedge fund investor – saw its total hedge fund allocation fall from around $776 million to $430 million during 2011, despite decent performance from the asset class as a whole. Now it is thought that the company may look to top up this allocation, bringing it closer to the original target. Hedge funds remain an integral part of the scheme’s diversification strategy.

Overall the scheme clocked up