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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat