Funds of Hedge Funds Institutional Investors

Sweden's SPK exits funds of funds, but does not rule them out

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Sparinstitutens Pensionskassa’s chief executive officer Peter Hansson explains the thought process behind a new strategy view sans hedge funds

Sparinstitutens Pensionskassa's chief executive officer Peter Hansson explains the thought process behind a new strategy view sans hedge funds

By Pirkko Juntunen

Swedish pension funds seem to have a love/hate relationship with hedge funds, with AP7 most recently shunning hedge funds altogether in favour of replicators. That said, there are a still a number of pension funds including the $500 million Arkitekternas Pensionskassa and the $4.2 billion Kåpan Pensioner, that are moving towards hedge funds. Kåpan is implementing its investment policy that was decided last year to increase alternative investments, including property and commodities as well as hedge funds, to