AP3 demands more from hedge funds
The Third Swedish National Pension Fund has cut back on hedge fund managers, citing cost, poor returns, and difficulty pinpointing the source of alpha for managers that have done well.
The Third Swedish National Pension Fund has cut back on hedge fund managers, citing cost, poor returns, and difficulty pinpointing the source of alpha for managers that have done well.
AP3 looks to diversify its equity risk through an increase in alternatives. This story explores the evolution of the allocations and how it's tackling illiquidity and volatility.
Asset Allocation