Alternative Investments

HOW WE INVEST

Alternative Investments

The Alternative Investments team is responsible for investments primarily in private equity through externally managed funds.

The private equity programme began in June 2010. Its charter is to build a private equity portfolio by identifying and investing in top-tier managers that provide superior long-term risk adjusted returns while improving overall portfolio diversification. The Fund’s Private Equity programme currently consists of a select number of externally managed funds diversified by vintage year, private equity sub-sectors and geography. The performance benchmarks for the private equity portfolio are the Morgan Stanley Capital International All Country World Index (MSCI ACWI) Index plus 200 basis points and the Private iQ benchmark.

The Alternative Investment team works closely with the Risk, Compliance and Legal teams to ensure conformity with risk corridors and investment policy considerations.