NETHERLANDS - The e1.3bn Dutch corporate pension fund, Nedlloyd, is expected to appoint managers to run hedge fund mandates within the next two months.
Head of equities and bond investments, Bert Tibben said: “We have decided to invest around e20m in hedge fund of funds and we expect to appoint managers in the next two months.”
Tibben said that the fund had hired two managers for its foray into private equity. The private equity managers will each run fund of fund mandates worth e50m.
“We have decided to invest in alternatives as we wanted some exposure to less volatile and absolute return strategies.
“We will review our exposure next year and decide if we want to raise this,” he added.
Nedlloyd is also planning to increase its exposure to properties to 20% in the next couple of years.
Current asset allocation stands at around 55% bonds, about 30% equities and alternatives and 15% property.
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