U.K. Pension Fund Slashes Hedge Fund Portfolio

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.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note