London Borough To Boost Hedge Fund Portfolio

Aug 1 2012 | 2:26am ET

A London public pension fund is gearing up to nearly double its investments in hedge funds.

The London Borough of Camden Pension Fund plans to boost its allocation to the asset class to 10% of its assets, which currently stand at £995 million, Pensions & Investment reports. Camden made its first hedge fund allocation—£50 million to BlueCrest Capital Management—earlier this year.

Accountant Peter Taylor told P&I that there is no timeline for the issuance of a request for proposals, and that Aon Hewitt is advising the pension.

The increased hedge fund investment will "reduce the pension fund's dependence on highly volatile equity markets through greater asset allocation," the pension said. Camden plans to fund the new allocation by reducing its stock portfolio.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...