Dutch BP Pension To Quit Hedge Funds

Dec 13 2010 | 4:13am ET

The pension for gas company BP’s Dutch unit is giving up on hedge funds.

Stichting Pensioenfonds BP has decided to redeem its only hedge fund investment, HFMWeek reports. The pension will end the allocation next year, and has not decided how to redeploy the money.

The BP plan would not identify the firm being terminated, nor did it reveal how much it was managing. But a source told HFMWeek that the unidentified firm was a fund of hedge funds and that the €650 million pension had “concerns over liquidity.”


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...