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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...