Oct
31
German $82 Billion Pension Giant Seeks Outside Help to Grow
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Bayerische Versorgungskammer steers clear of zero-yield bonds
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Specialist third-party managers needed to diversify assets
Bayerische Versorgungskammer, Germany’s biggest pension fund, is hiring more external managers as it diversifies away from low-yielding government and covered bonds.
“We will invest more in assets such as high-yield, emerging-market debt and infrastructure where we rely on external experts,” Andre Heimrich, who helps oversee 75 billion euros ($82 billion) as BVK’s chief investment officer, said in an interview in Munich. “We will increase the share of third-party funds managing our investments to 65 percent over the next three years from 45 percent.”..
German $82 Billion Pension Giant Seeks Outside Help to Grow
