Sunday, 25 January 2015
Last updated 2 days ago
Oct 6 2011 | 10:29am ET
Another group of British public pension funds are joining forces to save money on consultancy—and, possibly, hedge fund—services.
Several local government pensions in England's southwest are part of the latest group, following a similar agreement among several of London's local councils. Under the plan, set up by Britain's Environment Agency, seven pensions have signed up.
The council pensions participating are those for Bath, Cornwall, Dorset, Gloucestershire, North East Somerset and Wiltshire, HFMWeek reports.
The Environment Agency is still working on the scheme's framework, and warned that it may "take several months or longer" before any consultant or hedge fund manager is the beneficiary of the scheme.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…