Wednesday, 1 July 2015
Last updated 1 hour 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.
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…