NETHERLANDS - The e1.3bn Dutch corporate pension fund, Nedlloyd, may tender for hedge fund and private equity managers in the second half of 2004.
Head of equities and bond investments, Bert Tibben said: “We are looking at investments in alternatives, mostly hedge funds and private equity. This is because we want to diversify and allocate more towards absolute return strategies.
“To start with, we will only look at a very small allocation, around 3-5% towards both asset classes. However, we will decide the details in our investment committee meeting to be held in March.”
He added that once the move was approved, the fund would start its search for managers. The fund would reduce its investments in bonds to allocate towards hedge funds and private equity.
Nedlloyd is also planning to increase its exposure to properties to 20% in the next couple of years.
Current asset allocation stands at around 55% bonds, about 30% equities and alternatives and 15% property.
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