(Bloomberg) The man tasked with shepherding Aflac Inc.’s $110 billion portfolio is ready to make a wager on private equity to generate more income for the insurer. The firm plans to bet on alternatives including private equity later this year, according to Chief Investment Officer Eric Kirsch. That follows a move last month to invest in real estate undergoing change such as renovations or upgrades, and aligns with Kirsch’s goal to have at least 2.5 percent of the insurer’s cash invested in growth assets, such as public equities, private equity and real estate.
Aflac Picks Private Equity Over Hedge Funds in Quest for Higher Returns
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