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.

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