JAKARTA. The disclosure of the corruption case in the workers funds had encouraged Dapen Pertamina (the Pension Funds of the State Oil and Gas Company) to create the risk management division. The creation of this division aimed at minimizing and mapping the risks of workers funds management.
The President Director of Dapen Pertamina Adrian Rusmana said that the risk management division was created in 2016. Previously, Dapen Pertamina had created some restrictions in managing the portfolio. However, the risk management division has enhanced the performance of Dapen Pertamina in terms portfolio management.
The performance of Dapen Pertamina had been under pressure of the corruption case in the workers funds. However, Adrian still could not revealed the performance in 2016. As a comparison, the portfolio of Dapen Pertamina in the last three months of 2016 had been under pressure, due to the Donald Trump’s victory in the US (United States of America) presidential election. “Recently, our asset under management amounted to less than Rp 10 trillion,” Adrian said.
This was caused by the decrease in the price of Dapen Pertamina’s bonds, as well as the decrease in the price of shares collected by this institution. In the future, Dapen Pertamina will enlarge the portion of multi funds. To date, the portion of multi funds just amounted to around 2.5% of the total of Dapen Pertamina’s asset under management. “Managing multi funds is easier than managing shares, of which we have to clarify their performance from the related issuers,” Adrian said.
Most of Dapen Pertamina’s portfolio consist of government bonds as much as 30%, followed by stocks, properties, corporate bonds, multi funds, and cash money at the portions of 25%-26%, 20%, 13%-14%, 2.5%, and 3%, respectively.
Adrian is targeting to grow the return on investment of Dapen Pertamina by 10% in this year. One of the strategies is to improve the performance of PT Sugih Energy Tbk or SUGI’s stocks. To date, the share price of SUGI has been under pressure. (Muhammad Farid/Translator)
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