
Asset Allocation
A Latvian State-Funded Pension Invests in Venture Capital for the First Time
The move is part of a growing trend of Baltic institutional investors looking to alternatives.
Despite US constraints and pandemic headwinds, odds are they’ll spring back to their old growth level, analysts say.
The performance falls well short of the pension funds’ benchmark and assumed rate of return.
AXA IM Alts creation is in response to the ‘hunt for yield’ in a persistent low-rate environment.