(Reuters) From Essex binmen to Liverpool councillors, government pension schemes in England and Wales are investing more in hedge funds whose bets, sometimes dictated by algorithms, have included exotic holdings such as Puerto Rican debt. Those running local authority retirement pots have been reluctant to advertise their hedge fund holdings, but a Reuters survey reveals that the value of such investments by the 10 largest schemes in England and Wales rose by a third to 2.2 billion pounds in the year to the end of March.
Big British Local Authority Pensions Step Up Hedge Fund Bets
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