mast image

Special Report

Impact investing

Sections

PKB begins massive investment programme

The SFr34bn (e21bn) PKB (Pensionskasse des Bundes) pension scheme for Swiss government employees began investing in securities in July, with a view to placing SFr4.2bn in shares and SFr 800m in foreign bonds before the year end.
The process will continue until 2004, by which time the PKB fund will have invested SFr24bn, principally through the changing of government loans into marketable securities.
Julius Bär Asset Management, Bank Sarasin, Lombard Odier and Zürcher Kantonalbank have all won active mandates for Swiss shares.
Pictet and Crédit Suisse Asset Management will run the indexed portfolios, and ABN AMRO, Deutsche Asset Management International, JP Morgan, Schroder and Scudder are the active overseas equities managers. Barclays Global and Crédit Suisse won the passive foreign shares briefs. The fund’s foreign bonds are entrusted to Allfonds Investments (part of Bayerische Vereinsbank), Fiduciary Trust and Swissca Portfolio Management. Erich Solenthaler

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2558

    Asset class: Private Equity.
    Asset region: Global or Swiss.
    Size: USD $5-10m.
    Closing date: 2019-08-20.

  • QN-2559

    Asset class: Multi Assets.
    Asset region: -.
    Size: EUR 15m (may be split into two mandates EUR 7.5m).
    Closing date: 2019-09-06.

  • QN-2560

    Asset class: Private Equity.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

  • QN-2561

    Asset class: Infrastructure.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

Begin Your Search Here
<