Saturday, 10 October 2015
Last updated 7 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…