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Transport for London routes cash into hedge funds

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.

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One Response to Transport for London routes cash into hedge funds

  1. Investing pension fund in “higher-risk” hedge funds will affect pension scheme if the market goes down. What you think about?

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