Pension funds are organizations that pay participants of the Fund a pension after their retirement. During their career they paid a monthly fee to the Fund.
The Asset Manager of the pension Fund has the task of investing these received fees in such a way that they give the highest possible return at a low risk. The participant of the Fund doesn’t have any influence on this. The pension Fund tries to spread the risk by investing in different regions and products (ie. Stocks, Bonds, Property and Commodities).