Does loyalty lie with the lawyer or the law firm?
Big changes were afoot in the London hedge fund legal scene last week, after New York-based Akim Gump swooped on Simmons & Simmons
17/02/2010
LPFA continues to talk about hedge funds
The London Pensions Fund Authority (LPFA), one of the largest Local Government Pension Schemes (LGPS) in the UK, continues to lag behind its peers when it comes to hedge fund investing, although it
is showing an early interest.
The pension, which had £3.6bn ($5.61bn) as at March 2008, has yet to make any hedge fund investments, although its investment staff and board continue to research and be educated on them.
In December, LPFA discussed the benefits of hedge funds during an investment committee meeting and showed interest in investigating in “a Brevan Howard-type fund”, according to the minutes.
However, Philip Jones, investment officer, told HFMWeek: “Nothing concrete has gone to approval.”
Other London-based local authorities have taken steps in the past few years to move into the hedge fund space, including the £700m ($1.09bn) London Borough of Lambeth and the £300m ($467.8bn) London Borough of Havering, which conducted their first searches in November last year.
While London Borough pensions including Camden, Bexley, Croydon, and Brent already have alternatives allocations in place.
- Share
-
Text Size
Decrease text size
Increase text size
Editor's view: 8 February 2012
Speculative moves, a perceived landgrab and a potential bidding war in the hedge fund sector have all opened up in recent weeks
Comment: Julian Korek
"Advisers need to be analysing key considerations and determining where they fall in the spectrum of SEC registration; no easy task given the scope of the legislation"
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 More29/02/2012
UK: Open Protocol: The Challenge and Opportunities of Standardising Hedge Fund Risk Reporting
Join us and our panel of experts for HFMWeek's Subscribers' Club February's UK breakfast briefing…
29/02/2012
US: Endowments and Foundations in Hedge Funds
The next US HFMWeek Subscribers' Club breakfast, will take place on Wednesday February 29. Join…
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!