Reuters – The pension fund of Transport for London, the government body in charge of the capital’s transport network, is putting more money into higher-risk hedge funds to help to plug a funding gap.
TfL’s fund is in the final stages of investing with hedge funds Och-Ziff Capital Management (OZM.N) and Arrowgrass Capital Partners, and is set to boost its holding with Bridgewater Associates, the world’s largest hedge fund, TfL’s investment officer Padmesh Shukla told Reuters.
Investing pension fund in “higher-risk” hedge funds will affect pension scheme if the market goes down. What you think about?