Reuters – The UK’s largest pension scheme, the BT Pension Scheme (BTPS) could invest up to 20 percent of its assets in alternative asset classes including hedge funds, a senior executive in charge of its investments said.

Frank Naylor, head of investments at Hermes Pensions Management, told Reuters the pension fund had also reallocated $1.2 billion to two new fund of hedge funds (FOHFs) launched by its hedge fund boutique Hermes BPK.

Read Complete Article

Tags: asset-classes, assets, boutique hermes, bt pension scheme, btps, fund-of-hedge-funds, hermes, investments, naylor, pension-fund, pensions management, reuters

Reuters – Fund of hedge funds boutique Hermes BPK Partners said on Monday it has appointed Glyn Jones, former chief executive officer of Thames River Capital and Gartmore, as its new chairman.

Hermes BPK Partners is a partnership between its managers and UK fund firm Hermes, which is owned by the 39 billion pound ($58.19 billion) BT (BT.L) pension scheme.

Read Complete Article

Tags: boutique hermes, bpk, chief executive officer, fund-of-hedge-funds, gartmore, hermes, partnership, pension scheme, reuters, thames river capital