Germany’s BVK to issue FoHF RFP

April 04, 2014  

Munich’s Bayerische Versorgungskammer (BVK) could issue an RFP in the coming weeks, as it looks to increase its holdings in funds of hedge funds, it is understood.

BVK, which with over $69 billion under management is the largest public pension scheme in Germany, already has a number of fund of hedge funds holdings, which total $3.7 billion, but is looking to build this roster going forward.

The scheme has a master/feeder structure and provides pensions for a number of liberal professions and municipalities, many of which have their own varying return targets. As such it tends to favour funds of funds that have demonstrated an ability to meet their return target and provide a stable returns profile.

The pension fund’s plans to add two or three FoHFs to its current roster of roughly seven managers was initially announced last year (InvestHedge, October 2013).

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