AUSTRIA - Vereinigte Pensionskasse, the e2bn multi-employer pension fund, is planning to increase its investments in hedge funds and real estate and is also considering an allocation to index-linked bonds.
Wolfgang Pinner, chief investment officer, said that the fund was looking to increase its hedge fund exposure to 3% from 2% and its real estate exposure to 4-5% from 3%.
“We are actively exploring the option of increasing our investments in alternatives as we feel that this is a very interesting area for pension funds.
“For hedge funds, we have yet to decide if the increased allocation will be managed by our existing managers or if we need to appoint new managers for this. We may appoint new managers for real estate.”
He added that the fund was also mulling over a move into index-linked bonds and was likely to hire managers for this asset class.
Current asset allocation stands at 25% equities, 70% bonds and 5% alternatives.
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.
The Lighthouse Pensions Trust has recorded an 84% surge in the number of employers signed up to its auto-enrolment (AE) provision.
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.