Comment: Chris Sullivan
The hedge fund industry has always had a bit of a schizophrenic relationship with the media, particularly here in the US
07/12/2011
Transport for London pension considers hedge fund increase
The Transport for London (TfL) pension fund, which manages about $9.4bn, is looking to allocate up to $545m to hedge funds, HFMWeek can exclusively reveal.
The fund, which currently has a 10% hedge fund allocation, will be looking to make investments to single manager hedge funds in the next three-to-five months. This was confirmed by investment officer for the fund Padmesh Shukla, though he was unable to divulge details on the strategies the fund will consider.
The new allocations are likely to fall within the remit of the Alternatives and Liability Hedging Committee, which was introduced last year to work alongside the existing Investment Committee, in a bid to strengthen the fund’s governance capability and strategic focus.
In the 12 months to 31 March 2011, TfL allocated around $179m to BlueCrest Capital Management, which joined an existing hedge fund portfolio containing Davidson Kempner and Bridgewater Associates.
TfL will be assisted in the new search by Towers Watson, the pension’s investment and actuarial consultant, which replaced Mercer in April this year.
- Share
-
Text Size
Decrease text size
Increase text size
Mayfair allure remains strong for London funds
Mayfair’s position as the undisputed heartland of London’s hedge fund community was called into question last month
Editor's letter: 16 May 2012
The pressure cooker purred in January and February, squealed in March and April, and, this week, finally blew a gasket
Progress report
An assessment of hedge fund YTD performance in the face of renewed fears for a potential eurozone crash Read More
Investor demand for CTAs is on the rise, says Agecroft Partners
Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this strategy.
Read More07/06/2012
UK: Impact of the AIFMD - the real story
Join us and our panel of experts for HFMWeek's Subscribers' Club June's UK breakfast briefing, 'Impact…
31/05/2012
US: Family Offices
The next US HFMWeek Subscribers' Club breakfast, will take place on Thursday May 31. Join us and…
02/02/2011
European Hedge Fund Services Awards 2012
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
Be the first to comment on this article!