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Alternatives disappoint Finnish pension insurer

AUM only grew a little at Finnish pension insurer, which chose to reduce the share of hedge funds in its investment portfolio already in the spring of 2020, because it didn't expect them to bring diversification within this market environment.

Kari Vatanen, CIO of Veritas. | Photo: PR / Veritas

CIO of Finnish pension insurance company Veritas, Kari Vatanen, warns that there's a risk of overheating, as economic growth recovers and interest rates and inflation expectations begin to rise.

Over the year, the fund's investments pulled in a total return of 5.6 percent, but returns from alternatives ended up disappointing.

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