Dec
04
$38 Billion Finnish Fund Moves Assets to U.S. as Europe Founders
By-
Hedge funds still charge too much to be worth considering
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Finnish fund Ilmarinen used to be underweight U.S. assets
One of the Nordic region’s biggest asset managers is adjusting its portfolio to reflect a lack of confidence in Europe and a growing faith in the prospects of a U.S. boom.
Ilmarinen, a Finnish pension fund that oversees about 36 billion euros ($38 billion) in assets, plans to adjust its investments so it’s no longer underweight the U.S., according to Timo Ritakallio, its chief executive officer…
$38 Billion Finnish Fund Moves Assets to U.S. as Europe Founders
