DENMARK - The Valby-based BankPension is considering allocating around 2% to real estate and may hire external managers in the second quarter of 2004.
Leif Hasager (pictured), head of investments, said: “We may invest around e20m in real estate as it is a good asset class for pension funds to invest in and also because we have no exposure here so far.”
He added that the e20m initial investment could be increased in the future.
“Though it is still too early to say, we will probably adopt the indirect investment strategy for real estate. We plan to fund our real estate investments through our cash reserves.”
The e1.1bn fund is also expected to decide on investments in altenatives such as hedge funds and commodities, following an asset-liability study which is slated to take place in the second half of the year.
Current asset allocation stands at 50% equities and 50% bonds.
Industry Voice: Sponsored by Eaton Vance
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.