Leicestershire Picks Aspect For Managed Futures Mandate

Nov 21 2012 | 11:39am ET

Hedge fund Aspect Capital has won an £80 million mandate from a British public pension fund.

The £2.3 billion Leicestershire County Council Pension Fund picked the firm to run a managed futures portfolio. The money will be invested in Aspect's Diversified Fund, Financial News reports.

"An initial investment of £58 million was made on Nov. 14 and the remaining funding is expected to be provided over the next six to nine months," the pension's investments manager, Colin Pratt, said. "Funding for the mandate has been sourced from the fund's hedge fund portfolio, managed by Fauchier Partners, on which redemption notices were served early in 2012."


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