Dutch Pension Ditches Hedge Fund

Jan 20 2011 | 1:05pm ET

Less than three years ago, a small Dutch pension fund dipped its toes into hedge funds. But the Stichting Total Pensioenfonds Netherlands appears to have been unimpressed.

The €250 million pension fund for energy company Total's Dutch employees plans to redeem its only hedge fund investment later this year. HFMWeek reports that the move is the result of a change in risk management strategy.

Total currently invests about 1% of its assets in a single fund of hedge funds manager. The pension did not identify the pink-slipped firm.

"We are still invested in hedge funds at the moment as we haven't yet found a suitable alternative," a source at the pension told HFM. The plan is set for its next investment review in May.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

The Cult of Loss Aversion: A Call to Rethink Risk in Global Macro Investing

Sep 4 2014 | 5:45am ET

In the wake of a traumatic loss, whether it is financial or personal, it is just...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.