Since July 1, 1998, most of the Pension Fund's securities have been managed under mixed mandates with four asset managers. Three of these mandates have identical briefs, so that the results generated by the individual asset managers can be compared with each other and with the benchmark.
We classify the following asset classes as "special investments":
Insurance linked Securities
Indirect real estate investments
The products relating to these asset classes are selected by the Investment Committee.
Properties under direct ownership are managed externally by HIG Asset Management AG.