Wiltshire Puts Fauchier On Watch Over Performance

Apr 12 2012 | 10:29am ET

A British public pension fund is taking a closer look at its only fund of hedge funds manager.

The Wiltshire County Council put Fauchier Partners on 12-month watch. The £1.2 billion pension said it was concerned about the Jubilee Absolute Equity Fund's performance, HFMWeek reports.

While Wiltshire's board "still have confidence in the fund," Fauchier "hasn't lived up to its objectives," Wiltshire pension manager David Anthony told HFM.

The move comes as Mercer takes over as Wiltshire's new investment consultant. Mercer replaces Hymans Robertson.

Even if Wiltshire were to redeem its US$110 million from Fauchier, the pension would likely stick with funds of funds.

"Our trustees are wary of hedge funds and we are keen not to put all our eggs in one basket; we are more comfortable with a fund of hedge funds model because of the diversification it affords," Anthony explained.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. 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.