Transport For London Eyes More Hedge Funds

Dec 9 2011 | 11:02am ET

London's public transportation employees may entrust a bigger chunk of their future to hedge funds.

The US$9.4 billion Transport for London pension fund may add US$545 million to hedge funds over the next three-to-five months, HFMWeek reports. TfL plans searches for single manager funds, assisted by consultancy Towers Watson.

TfL has a 10% allocation to hedge funds, and currently invests with BlueCrest Capital Management, Bridgewater Associates and Davidson Kempner Capital Management.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...