AUSTRIA - APK Pensionskasse, the EUR1.6bn multi-employer pension fund, is looking at investing in hedge funds.
Gunther Schiendl, head of investment at the fund, said that the fund was about to take a “closer look” in investing in the asset class. APK will research the asset class during the third and fourth quarters, Schiendl said.
Once its hedge fund research is complete, Schiendl said that APK’s trustees will then make a decision in principle as to whether to invest in the asset class or not. That decision will probably be taken early next year, he added.
According to International Pension Funds and their Advisors, APK’s current asset allocation is: Austrian / Eurozone equities, 18%; international stocks, 18%; Austrian bonds, 48%; international fixed income, 12%; and others, 4%.
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