MuniFin Green Finance and Liquidity Portfolio Evaluation
MuniFin
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53
Appendix 17
Keva - Local Government Pensions
Institution
•
·
Mandatory pension fund for people working in the local
government sector.
Responsible for funding the pensions of local government
employees and for investing their pension funds (1.2
million insured persons and pension recipients).
• Independent body governed by public law and operating.
in accordance with the Public Sector Pensions Act and the
Keva Act.
•
·
•
Supervised by the Ministry of Finance, the Financial
Supervisory Authority and the National Audit Office of
Finland.
Assets of the fund totalling 56.2 billion € (12/2019).
Keva is Finland's largest pension provider.
Breakdown of Keva's investments*
Hedge Funds 8%
Private Equity 9%
Real Estate 6 %
Equities 35 %
Fixed Income 42 %
*As of December 31, 2019
Source: Keva 2020View entire presentation