The Swedish Premium Pension Authority (PPM) has allowed funds of hedge funds to be included in its platform for the first time, potentially paving the way for others to access its $25 billion in assets.
By approving event driven, managed futures and equity hedged vehicles run by Austrian Salus Alpha, the platform will allow customers to select these vehicles as part of their pension plan.
A key factor appears to have been the Salus Alpha funds' UCITS III status and daily NAVs.
PPM manages the Premium Pension System which is a part of the Swedish National Pension System. The authority