KEVA

KEVA is Finland’s largest pension provider, and it administers the pensions of public sector workers in state, municipal, and state church positions. KEVA’s 500-strong staff serve a total of 1.3 million public sector employees and pensioners as well as some 2,000 employer customers, i.e., local government organisations, State employers and parish unions.

Country

Finland

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$76

Performance (%, 1YR)

15.8

Chief Executive

Jaakko Kiander

Chief Investment Officer

Ari Huotari

Chair

Eero Reijonen

Asset allocation

41.4% Equities

30.1% Fixed Income

16% Private Equity

6% Real Estate

6.4% Hedge Funds

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of December 31, 2021. All information is as per the most recent annual report or other publicly available data via the fund's website

Finnish fund diversifies out of Europe

Over the past five years, Finland’s 5.4 million people have watched with alarm as the eurozone they joined as founder members has descended into financial turmoil. So it is no surprise that Keva, which manages €34.4 billion ($47.1 billion) on behalf of Finland’s municipalities, as well as administering state and Evangelical Lutheran Church of Finland […]