Alternative investment just the cure

Groundbreaking moves into alternative investment by Hong KongÆs Hospital Authority.

It is finally happening Hong KongÆs largest pension fund, the Hospital Authority, is allocating up to 10% of its HK$17.5 billion $2.3 billion in assets to alternative investment vehicles. This is the first time any Hong Kong-based pension fund has done so û but will it set a trend

ôOther pension funds could do this,ö says Jimmy Pun, until last month chief manager of finance for the fund. ôThe minimum subscription for some funds is small, as little as $1 million. ItÆs a question of what the fund is comfortable doing.ö

PA mag pic: hospitalsHospitals is not just another pension fund. Unlike most of its peers, Hospitals carries out its own asset allocation, although Towers Perrin...

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