Finland's Ilmarinen dumps liquidity to cope with no-return world

One of the Nordic region’s biggest pension funds is busy reducing its stash of government bonds as it hunts for far less liquid assets in the hope of generating higher returns.

Ilmarinen's Cheif Investment Officer Mikko Mursula: "You need to be innovative and able to accept more, in some cases a lot more, illiquidity in your portfolio than before.” Photo: PR / Ilmarinen

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