Friday, 4 September 2015
Last updated 4 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…