Austrian multi-employer pension fund overhauls strategy

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AUSTRIA - The €2.5bn (US$3.8bn) APK Pensionskasse is about to plunge into a first hedge fund allocation with undisclosed new managers, following its increase to international property allocation two months ago, MandateWire has reported.

The fund has also chosen up to five gatekeepers for a new private equity investment, but actual investments are delayed until 2009, a spokesman said. The target for alternatives including prope...

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