The newly-created Swiss Pensionskasse Poste may outsource an unspecified amount of its near CHF9bn fund later this year.
The fund is being developed for Postei Schweizer (Swiss Post), whose approximately 60,000 members were previously part of the Pensionskasse des Bundes - the pension fund for Swiss government employees.
Jurg Bucher, president of the eight-strong investment committee and a member of the Swiss Post finance board said that fund aims to finalise decisions on the direction of its assets in September. He added that any mandates will be issued over the next two to three years.
Pensionskasse Poste - which becomes active on January 1, 2001 - is aiming for a return of between five and six percent, he said.
The fund is being advised by PricewaterhouseCoopers.
By Madhu Kalia
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