Fresh insights from our industry
Many pension funds and other major allocators in the region have nascent private credit portfolios. Global competition means that middle market direct lending is increasingly crowded. And many institutions lack the teams or risk profile to move into more specialist→
Swiss pension funds are reassessing their exposure to US dollar-denominated assets in light of rising hedging costs, growing concerns over US fiscal policy, and increasing national debt levels. Speaking during a conference call hosted by consultancy Complementa this week, Andreas→
CFA Society Switzerland and CAIA Zurich hosted a joint event on infrastructure investments in Zurich on May 6, 2025. Thomas Breitenmoser (Head of Investment Consulting/Controlling, Complementa) provided guests with a brief overview of infrastructure as an asset class and then→
On 2 April, Complementa welcomed representatives from various institutional investors to a breakfast event in Zurich. The event focused on knowledge transfer and the exchange of experiences regarding gold investments. Following an introduction by Andreas Rothacher (Head of Investment Research),→
The following article has been published on CAIA Association Website. Infrastructure Allocations & Backdrop For over a decade until 2022, institutional investors were faced with low interest rates on their fixed income securities [1]. This environment made it increasingly difficult→
From 2014 to 2022, Swiss pension schemes’ allocation to fixed income investments fell from 39.2% to 31.7% Read the article by Luigi Serenelli on IPE’s Website. Falling interest rates and yields on Swiss franc-denominated bonds will likely nudge pension funds→
Coming together is the beginning. Keeping together is progress. Working together is success. Henry Ford Another year draws to a close. We are grateful for the pleasant and trustful cooperation. We wish you a Merry Christmas and a Happy New→
A recently published study by Complementa shows that large parts of the returns achieved by institutional investors and the corresponding portfolio volatility can be explained by the investment strategy. However, an investment strategy should not only be defined within an→
Swiss pension fund landscape and regulation of alternative assets The Swiss pension system is based on three-pillars. Public pension provisions in the form of a pay-as-you-go scheme (old-age and survivors’ insurance) constitute the first pillar of this pension system. The→