Festa lifeyrissjodur increases its alternatives allocation limit

by Forena Akthar

  • 17 Dec 2009
  • PE
  • RE

The EUR 308 million pension fund is satisfied with its alternative investments and therefore increased its alternatives allocation limit to 15%. Its allocation to alternatives will remain at 10%, but it can now have up to 15% in private equity, hedge funds and private equity real estate. The pension fund currently has an allocation of 2.6% to real estate and has recently committed to a secondary real estate fund of funds vehicle, its only real estate investment this year. The pension fund has no concrete plans to make private equity real estate investments in 2010, but will consider interesting opportunities if they are presented. These investments will only be in real estate fund of funds and it will maintain a global outlook on the asset class.

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