(Bloomberg) Like many other big investors, the largest private-sector pension fund in Finland has more cash than it knows what to do with. That’s why its management is confident that asset prices, high though they are, will be forced even higher. Reima Rytsola, the chief investment officer of Varma Mutual Pension Insurance Co., says markets are already “super expensive.” “It has been the story of this year that everyone seemed to wait for a correction in the equity market, and then there is a 2 to 4 percent correction, and scream-on buying,” Rytsola said in an interview in Helsinki. “Investors like us have so much parked capital that will come rushing into the riskier markets as soon as there is any kind of a correction.”

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