Saturday, 20 December 2014
Last updated 1 day 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.
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…
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