London Borough Pensions Eye Hedge Funds

Dec 19 2011 | 12:13pm ET

London's local government authorities have turned their attentions to hedge funds. Their money could soon follow.

Each of London's 32 boroughs has a pension fund; combined, the pensions have some US$31.5 billion in assets. But while only nine of the pensions currently invest in either hedge funds or funds of hedge funds, both the number of investing pensions and the amount they invest in the asset class could be growing next year.

Already, two boroughs, Camden and Waltham Forest, have made plans to invest next year, HFMWeek reports. Others are mulling a first foray into hedge funds, as well.

In doing so, the borough pensions are following the lead of Enfield, which has invested in hedge funds since 2007. Enfield currently has US$184.4 million invest in six hedge funds, some 28.5% of the total hedge fund investments for all the London boroughs.


In Depth

Q&A: Jeff Eaton Talks Capital Raising, CalPERS And The Secondaries Market

Oct 14 2014 | 10:16am ET

Global placement agent Eaton Partners has raised close to $60 billion for some of...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.