Institutional Investors

Finnish insurer Tapiola diversifies with 2.3% increase to hedge funds


The pension fund of Finnish insurer Tapiola Group has increased its allocation to hedge funds as it looks to diversify its overall asset mix.

The percentage invested in hedge funds has increased to around 2.3% of total assets from around half that last year. The pension fund’s total assets stand at around $13.69 billion.

The scheme also reports relatively good performance from its hedge fund portfolio in the turbulent first six months of 2011. Equity investments suffered from significant exposure to the volatile Nordic region and returned -1.3% over six months. Fixed income