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

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

Analyzing The Digital Footprint: What Operational Data Can Tell You About Future Risk

Mar 30 2017 | 3:38pm ET

Advances in technology and increasing operational complexity in search of higher...

 

From the current issue of