Tuesday, 24 May 2016
Last updated 10 hours ago
Apr 23 2010 | 11:29am ET
A British public pension fund is set to fulfill its 5% allocation to hedge funds, but new managers need not apply.
The West Yorkshire Pension Fund is poised to add £121 million to its fund of hedge funds portfolio. But the £12.1 billion plan is likely to hand the new money over to the six managers already in its stable, HFMWeek reports.
West Yorkshire currently employs Arden Asset Management, Aurum Funds, Green Way Arbitrage, Mesirow Advanced Strategies, Quellos Capital Management and Signet Capital Management to handle its now 4% allocation to the space.
The pension is also mulling a similar increase in its private equity allocation.