Swedish energy group Vattenfall will decide in August how to invest around Skr4bn (E450m) of assets from the company foundation used to pay pension liabilities. At a seminar next month foundation trustees will examine issues of investment risk before moving into the Swedish equity market and then into the international markets by autumn 2000.
Bengt Edström, pension operations manager at Vattenfall, comments: “We are looking at issues such as systems and downside risk, and before we push the investment question on we really need to look closely at what kind of risk we want to have within the foundation. Research and evaluation of managers is under way.” He adds: “We expect to invest around Skr2bn and the rest in bonds, but it could turn out that we take a 60/40 split or vice versa.”