Based in Munich, the Bayerische Versorgungskammer (BVK, literally Bavarian Care Chamber) is one of Germany’s largest pension schemes and asset managers. The BVK’s constituent pension schemes, with an aggregate 1.7 million active members and Ä47 billion in assets under management, are young and assets under management are expected to double within the next 10 years. Editor Richard Fleming spoke recently with Daniel Just, deputy chairman and CIO at the BVK, about the asset manager’s realigned strategic asset allocation and real estate activities.

What is the BVK?

The BVK is an offshoot of the Bavarian interior ministry, so is state-owned, and is an umbrella pension scheme and asset manager for 12 pen