DENMARK - KTAS Pension Fund, one of the pension funds for TDC, Denmark's largest telecommunications company, is considering investing 3 - 5 % in investment grade bonds.
The DKr13bn, fund has yet to decide the details of such an investment but may tender for managers later this year.
Hens Baekke, CIO said : “The fund will take a decision regarding details of investment in this asset class in spring. Any decision to tender for managers will take place later this year or early next year.”
The fund has also appointed the US-based asset managers T Rowe Price to a high-yield bond mandate. The fund may invest upto 5% in the asset class, Baekke said.
The current asset allocation of the fund stands at 60% to bonds, equities to 20% and the balance 20% in alternatives.
The fund does not plan to increase its exposure in equities or consider private equity or hedge funds. “We have considered all these asset classes and we have no plans to invest in these asset classes currently.”
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