Norway's $287 bn (EUR 217 bn) global pension fund may invest as much as 15% of its assets in property and leveraged buyout funds in a major move to boost returns, Knut Kjaer, head of the fund, said in an interview with website PropertyInvesting.
Norway's $287 bn (EUR 217 bn) global pension fund may invest as much as 15% of its assets in property and leveraged buyout funds in a major move to boost returns, Knut Kjaer, head of the fund, said in an interview with website PropertyInvesting.
Kjaer is planning to invest 10% in real estate and infrastructures and an additional 5% in LBOs and venture capital funds. The proposal has yet to be approved by the Norwegian government. The fund, set up in 1996, is Europe's largest retirement savings plan and currently invests only in stocks and bonds. It returned 11% in 2005.
