Wednesday, 28 January 2015
Last updated 8 hours ago
Jun 26 2012 | 11:10am ET
Another London borough is making the leap into hedge funds.
The London Borough of Waltham Forest has approved a 5% allocation to hedge funds, its first in the space, HFMWeek reports. The move follows the London Borough of Camden's maiden hedge fund investments, which came in April.
Waltham Forest's pension fund committee created a panel to conduct its search for a hedge fund to fill the £25 million mandate.
The £500 million pension's hedge fund investment could grow. Waltham Forest is reviewing its global tactical asset allocation mandate with Nordea, which accounts for 3% of its assets. And it is also part of the U.K. Local Government Pension Scheme, which has begun to mull a move into hedge funds.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…