Tuesday, 30 June 2015
Last updated 8 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…