Dutch BP Pension To Quit Hedge Funds

Dec 13 2010 | 3:13am 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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...