20.08.2010 - Polish pension property reform 'would not eliminate risk'
From IPE: Asset managers would be unlikely to take on Polish pension funds' property portfolios even if domestic reforms were to lift restrictions on them investing in alternatives, according to Dariusz Stánko, a specialist at the Warsaw School of Economics. Following comments made last week to IPE Real Estate by First Property chief executive Ben Habib that the Polish government needed to "get a grip" on its estate market by lifting the prohibition on pension funds investing in property, Stánko noted the downside risk to pension managers associated with failing to meet the required return in a social security system with 14m members..............................................Full Article: Source
Print