Reuters – The growing duties of pension fund trustees make them wary of hedge funds, but they are likely to funnel much more cash into them as an increasingly acceptable tool for diversifying assets,a senior HSBC executive said.
At present, UK corporate pension schemes, which hold more than 700 billion pounds of assets, keep less than 1 percent of all their money in hedge funds, Jamie Murray, head of institutional business development and sales at HSBC Republic Investments said in an interview.
“Generally, UK pension fund trustees are still nervous about hedge funds. In some senses, this is understandable. They (trustees) are potentially personally liable for the decisions that they make.
