Pension funds slash equity exposure by 10%

However, some high-risk investment classes, such as private equity and venture capital investments, have become more popular. NAPF's survey found the average exposure to equities has fallen to 49.9%, down from 59.7% a year ago. Just 3% of funds have increased their equity exposure, while half have opted to decrease the amount of assets invested in equities. Surprisingly, funds are turning to riskier asset classes in turbulent times, with hedge fund investment climbing to 1.9%, while private equity and venture capital allocations grew from 1.7% to 2.5%. A pension consultancy firm, La...