Realdania to double alternatives allocation to between 5 and 10 percent
Grant-making association Realdania has its roots in the history of Danish housing needs all the way back to the devastating Copenhagen Fire of 1795. But with his eye firmly fixed on today's financial market challenges, CIO Peter Johansen tells AMWatch the private philanthropic organization is now set for a big boost in its alternative assets.
Denmark's Realdania, which aims to hand out grants of between DKK 500 million and DKK 600 million (EUR 67-80 million) for property-linked projects every year, is aiming to lower the volatility of the investments designed to produce enough in return to continue its philanthropic work.
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