Manor fund to target commodities
SWITZERLAND - The CHF1.5bn (e966m) Manor pension fund is to allocate 2% of its total assets to commodities and is also considering appointing a manager for a tactical asset allocation (TAA) overlay brief to be applied to the entire fund.
Vice president of finance Wilfred Stoecklin told Global Pensions the allocation to commodities would be worth CHF30m, and most likely invested passively through the different compartments of a benchmark...
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