The Asset Allocation Access Foundation has launched AAA Alternative, a liquid alternative investment sub-fund, which will be available to Swiss pension funds.

AAA Alternative, which has been approved by the Swiss Federal Office for Social Security, aims to allow pension funds to achieve long-term asset growth with targeted annual returns ranging from 8% to 15% and volatility ranging from 5% to 8%. It will sit alongside the 15 other long-only sub-funds within the umbrella fund.