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UK’s West Yorkshire Pension Fund Halves Hedge Fund Investments

(Reuters) A British government pension scheme that looks after local authority retirement pots in West Yorkshire has more than halved its stake in hedge funds in favour of other alternative assets, according to its latest annual report. West Yorkshire Pension Fund, which has 13.6 billion pounds in assets under management, had cut its hedge fund investments to 127.6 million pounds as of March 31 from 254.3 million pounds the year before.

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