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Swiss pension fund uses onValues advice for one of the largest investments in microfinance

One of Switzerland's largest pension schemes, the Swiss Post Pension Fund, recently implemented a CHF130m microfinance debt mandate based on onValues advice. This is probably one of the largest investments in microfinance ever done by a pension fund globally. Rolf Maurer, Investment Manager at the fund, told Responsible-investor.com that the mandate had been awarded as a long-term investment: "We began taking a closer look after our investment committee directed us to do so in 2010," he added. The fund carried out the initial research on the asset class via its own internal investment team. Maurer told Responsible-investor.com: "From the beginning it was clear to us that the investment had to be worth it from a social and financial standpoint. The internal study revealed that this was the case, both in terms of risk/return and especially diversification. This is why we went ahead". The fund subsequently hired onValues, working in cooperation with Ecofin, the Zurich-based investment consultant, to carry out the manager search for the mandate.

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