Pensionskasse Stadt St. Gallen

Pensionskasse Stadt St. Gallen

Pensionskasse Stadt St. Gallen serves as the occupational pension scheme for employees of the city of St. Gallen, with René Menet as Managing Director and Jürg Jakob presiding over the board. The fund operates under Switzerland's BVG framework, providing old-age, survivors', and invalidity benefits to its members while also functioning as a significant local landlord. The fund's portfolio splits between a directly held residential real estate book and a securities portfolio overseen by Head of Capital Investments Yanick Hauser. On the real estate side, known properties include the Zilstrasse and Tablatstrasse residential blocks, the Villa Wiesental mixed-use building on Rosenbergstrasse, and commercial parking assets Parkhaus UG25 and Parkhaus Central — all within St. Gallen. The capital investments sleeve includes a venture capital allocation, with a generalist strategy that has incorporated sustainability screens developed in partnership with the Ethos Foundation. Markus Baumann leads the real estate division and represents the fund in the Swiss real estate association SVIT. The fund is a member of the Ethos Engagement Pool, participating in coordinated shareholder dialogue on environmental, social, and governance matters across its listed equity holdings. It has also joined the Investor Alliance for Human Rights, signing onto statements concerning corporate accountability in global supply chains. The fund's structure couples a classic Swiss pension liability book with a distinct, self-managed residential property portfolio concentrated in a single secondary city. That direct real estate exposure gives the fund an unusual degree of control over a portion of its assets, differentiating it from peer municipal pension schemes that outsource property management or lack direct holdings entirely.