The Social Security and National Insurance Trust (SSNIT) is working to drastically reduce its exposure in unlisted equities in which it has controlling shares. From 30.76 per cent, the trust intends to drop the figure to about four per cent in the next five to six years. The Director-General of SSNIT, Dr John Ofori-Tenkorang, who disclosed this to the Graphic Business on February 11 said: “As a pension fund, we have an asset allocation policy. You cannot put all your eggs in one basket and our asset allocation policy basically says that in the long term, our investment in equities, meaning companies where we have shareholding which are not listed on the stock exchange, must reduce in the long term. That is in the five to six years rising onwards we should have only four per cent of our asset allocated in there. Currently in our unlisted equities, we have 30.76% and that includes six hotels,” he said as he reacted to allegations that the trust had placed for sale some hotels it runs wit...