Monday, 29 December 2014
Last updated 10 hours ago
Dec 20 2011 | 12:02pm ET
British pension funds are pouring unprecedented billions into hedge funds, according to a new survey.
Schemes have added about £12 billion to the asset class, while the overall allocation to hedge funds has jumped to 4.1%, an increase of more than 50% in the past year alone. All told, according to the National Association of Pension Funds' annual survey, U.K. pensions have almost £33 billion invested in hedge funds.
Indeed, hedge funds have actually become more popular among British hedge funds than private equity this year. The overall private equity allocation among NAPF final salary members rose by more than a quarter to 3.8%, a shade behind hedge funds' 4.1%.
While alternatives were the biggest beneficiaries last year, U.K. equities took the biggest hit, with allocations dropping from 17.1% to just 12.2% among British pensions.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.