Alderbas: PIFSS caps portfolio sleeves at 30 holdings to limit fees
Sulaiman Alderbas · Innovation in Private Markets 3: Sulaiman Alderbas – A Massive Restart at PIFSS (Capital Allocators, EP.194) · May 10, 2021 · at 25:29
Sulaiman Alderbas, Head of Alternative Investments at Kuwait's $130 billion pension fund PIFSS, explains portfolio construction parameters across asset class sleeves.
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“We don't want to be over-diversified, because then it's going to be costly, and we're going to be blaming the high fees and everything around it. So we said, the max we're going to have in any one bucket or portfolio is 30, right?”
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