Finnish EUR 45 billion investor flees credit for macro hedge funds
A Finnish private-sector pension firm with about EUR 45 billion ($53 billion) of assets may shift more money into global macro investments as it sours on credit.
Suzy Waite/Bloomberg
Varma Mutual Pension Insurance Co. may shrink its exposure to credit long/short strategies later this year or in the first half of 2019, according to Kai Rimpi, its director of hedge funds. The company has already cut investment in the strategies over the last two years to 5 percent of its portfolio, from 15 percent.
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