NETHERLANDS - Following its expansion to cover the publishing industry earlier this year, the Dutch printer's pension fund Stichting Pensioenfonds voor de Grafische Bedrijven (PGB) is now looking to make its first allocation to alternatives.
In January, the Ä10bn (US$15.8bn) pension fund, originally just for employers in the graphical or printing industry, widened its reach to include employers in the publishing industry.
Wierman said this move had resulted in 1600 new members, with more expected to come on board.
He said: "There were a number of reasons why we broadened the reach, firstly because of the change in the market we are servicing - companies are getting broader than only printing, so publishing was quite close to the original area we focused on.
"Secondly, we see our traditional industry is reducing over time so we felt it was appropriate to broaden our area of activity."
However, Wierman said it might take time for employers to join up because of their existing commitments to other service providers.
He said: "Most companies have an insurance contract with an existing life insurance company, so you have to wait till the original contract expires."
Weirman went on to say the pension fund would be making changes to its asset allocation.
He said the current allocation was 42% equities, 48% fixed income and 10% property but GBF was also looking into hedge funds, green investments and commodities.
Wierman said: "We would like to have broader diversification of the investment universe." However, it has not yet been decided when the investments will be made.
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