Industriens Pension has around 400,000 members spread over 8,000 companies.

The Abu Dhabi sovereign wealth fund had already set up a fund last year dedicated to European techs.

Total investments by Swiss direct insurance companies fell by 0.9% in 2018, amounting to CHF 489bn at the end of the year.

Almost three-quarters – 69% – of global retail investors are looking for new strategies to diversify their portfolio, with 57% looking for non-traditional investment options to beat volatility, according to the latest Natixis Investment Managers survey.

With the ongoing consolidation of the local pension fund sector, less than 400 Italian pension schemes were numbered at the end of 2018.

Capital contribution to the private fund currently amounts to $108bn.

French public-sector pension fund Fonds de Réserve pour les Retraites plans to expand its responsible investment strategy over the next four years.

The number of single family offices has rocketed by 38% in the last couple of years, handling total assets under management of $5.9trn, according to the latest research by Campden Wealth.

The Spanish Supreme Court and the National Court have ruled that the Spanish tax agency must repay hundreds of foreign investors.