WEST PALM BEACH, FL (HEDGECO.NET) – The leaders of the British Rail workers union have raised some concerns over what they thought were excessive hedge fund investments. The decision was recentlymade by the pension administrators of Rail Pension Scheme, to devote about US$1billion of its retirement nest eggs into alternative investment strategies. This amount representing about 5% of thetotal pension schemes assets is the largest investment of any British pension scheme into hedge fund investment strategies, according to published reports.
According to the union leader, Bob Crow, the issue that hedge funds still remain a mystery to many ordinary workers heightened his concern. According to him, �These are complex financial instruments,� he added, “Our concern is that the full implications are not yet known.”
According to published reports, Mr. Crow represents about 67,000 employees of the UK�s transportation sector. He further said it is vital that employees� retirement funds were not left to �the mercy of naked market forces.�
Pension funds in UK have not been active with hedge fund investments historically. However this year we have seen the emergence of new trend, as many more of such groups have increasingly embraced hedge fund investment strategies. There is little doubt that such trends will have a continuing significance for the near future.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
Be sure to check out our sister sites. www.hedgefundlounge.com, www.hedgefundtools.com, and coming soon www.hedgefundemployment.com.
