Julius Baer Pension Fund

The investment management mandate is held by Julius Baer Asset Management, the institutional and discretionary portfolio management arm of the sponsoring bank. The pension fund's investment committee, composed of employer and employee representatives, sets the strategic asset allocation and selects specific mandates within the bank's platform. An independent external actuary and statutory auditor review the portfolio and liability valuations annually.

The fund is a Swiss foundation with a board equally representing the employer and plan members. The sponsoring bank does not exercise unilateral control; all investment policy decisions require board approval. An independent pension actuary calculates the fund's liabilities and confirms the coverage ratio each year, filed publicly in the fund's annual report under Swiss BVG disclosure rules.

Yes, the fund holds a targeted allocation to private equity, infrastructure, and direct Swiss real estate, in addition to its core fixed income and equity portfolios. The private markets allocation is constrained by BVG ordinance limits on non-traditional assets; the board has indicated in recent annual reports a gradual increase within those bounds.

No, the fund is a closed corporate scheme serving only current and former employees of the Julius Baer Group. It does not accept external investors, does not provide liquidity to non-members, and does not participate in co-investment clubs — a structural feature common to all Swiss single-employer BVG foundations.