Wednesday, 7 October 2015
Last updated 9 hours ago
Oct 22 2008 | 9:51am ET
The €59 million (US$78 million) Umicore Pension Fund has reportedly cut its allocations to hedge fund by two-thirds, from 6% to 2%, since last September following poor returns in the asset class.
Luc Crabbé, benefits manager for Belgium and Northern Europe, said the fund scaled back its investments in hedge funds up because of “incredibly bad returns”, MandateWire reports.
The fund started investing in hedge funds last September and has not as yet invested in any other alternative asset classes.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…