Top UK fund may invest up to 20 pct in alternatives
Thursday, April 16, 2009 : PermalinkReuters – 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.
Tags: asset-classes, assets, boutique hermes, bt pension scheme, btps, fund-of-hedge-funds, hermes, investments, naylor, pension-fund, pensions management, reuters
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