Funds of hedge funds gang up to tackle managers

Reuters – The fund of hedge funds arm of Hermes, Britain’s largest pension scheme manager, has rallied peers with more than $15 billion in assets to get agreement on how to better handle the managers running their money.

In one of the first such meetings of its kind, Hermes BPK Partners gathered the working group together at its London offices on Tuesday to kick-start a project it hopes will improve the disclosures made by hedge funds.

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