Cern pension fund – moving beyond LDI

Frontiers of funding

The rocket scientists behind the mathematical models used at banks did not have a good financial crisis. To that group we can add particle physicists - the Sfr4 billion (£2.6 billion) pension fund of the Geneva-based European Organisation for Nuclear Research (Cern) persisted with its traditional asset allocation even while its members were probing the frontiers of knowledge at facilities such as the Large Hadron Collider (LHC).

As a result, it suffered 19% losses on its assets during 2008,