Finnish Medical Foundation Enters Alternative Investments
posted by lexxe on Tuesday 26 May 2009 14:49 BST From Mandatewire - see full story (subscription required)
MandateWire reports: The EUR45.6m (GBP40m) Finnish Medical Foundation has made its first foray into alternative investments by making a 3.8% allocation to the asset class.
According to mandate-tracking service MandateWire, the foundation still mainly focuses on spreading its equity investments across different countries, but it has now taken up alternative investments as a new asset class with an initial EUR2m (GBP1.8m) investment.
“Diversification makes it possible to achieve the long-term target return,” said the foundation about its decision, but did not specify which particular alternative asset class it had invested in.
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