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Swiss pension funds are getting healthier. A lot are looking at opportunities to combine asset allocations, security and innovation in their investments, Swiss news site romandie.com reports.

A few bad years for Swiss pension funds “Since 2001-2002, pension funds have experienced trend-like deficit for several years”, Lombard Odier Darier Hentsch & Cie’s expert and actuarial manager Pierre-Alain Ferréol said. “74 pension funds were still overdrawn at the end of 2005, against 333 in 2004”.

The past years’ crisis offered good lessons to money managers. It created more distrust from clients and a reinforcement of monitoring from authorities. “Pension funds came to a better understanding in terms of accountability in allocations, even in the instances where the management is delegated to other managers.”

More dynamic asset allocation Today, a more dynamic asset allocation is integrated in the business model of the pension fund Rentes Genevoises. The investment universe is not limited, but it combines alternative and traditional assets. Rentes Genevoises’ portfolio includes a programme of exchange cover and hedge funds (4%).

“We have a balanced portfolio because we opted for a wider outlook on alternative investments” Rentes Genevoises’ Mr. Gaud said. The fund started to invest in hedge funds at the beginning of 2007. More transparency and better construction t......................

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