Northamptonshire Pension Mulls Hedge Move

Nov 29 2010 | 9:35am ET

The Northamptonshire County Council's pension fund is taking a hard look at its portfolio, and hedge funds could prove one big beneficiary of that review.

The British pension, which has US$1.1 billion in assets under management, may boost its hedge fund allocation to 5%, HFMWeek reports. The pension currently has 3% of its portfolio invested with fund of hedge funds Fauchier Partners; accountant Paul Tysoe said that Fauchier would receive any new hedge fund allocations that Northamptonshire chooses to make.

"The question we ask is, 'Are we happy [with the asset class]?'" Tysoe told HFMWeek. "If we are, then we have to think about why we aren't allocating 5%."

Northamptonshire used to do just that, but redeemed its investment with Partners Group earlier this year.

Tysoe noted that no decisions have yet been made about any reallocation.


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