NETHERLANDS - The e4bn Dutch corporate pension fund, DSM, is planning to hire new equity managers and is also weighing a foray into hedge funds.
Fund officials said that the fund was investigating investments in hedge funds and had yet to work out exact details of investment.
“We may invest around 2% in hedge funds, using the fund-of-fund route. Once we decide on our investment strategy, we may appoint hedge fund managers.”
They added that the fund was looking at hedge funds, to broaden its investment universe and achieve absolute returns.
DSM has also dropped some of its equity managers from its manager roster and is now looking to hire new managers. Fund officials refused to divulge additional details.
Asset allocation stands at 40% bonds, 40% equities and 15% inflation-linked bonds. The fund has also 5% invested in absolute returns and any allocation to hedge funds would form part of this portfolio, officials added.
This week's edition of Professional Pensions is out now
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
The aviation sector's constant evaluation of mistakes to improve safety should be applied to defined benefit schemes, as too many are making the same mistakes again and again, latest research shows.
A month of strikes are due to hit 64 universities from tomorrow over major reforms to the Universities Superannuation Scheme (USS).