Bloomberg – The public pension for employees of the Hertfordshire County Council, in the commuter belt north of London, is making its first hedge-fund investments to reduce its weighting in equities and boost returns.
The 2.5 billion-pound ($3.9 billion) fund hired LGT Capital Partners Ltd. to manage 280 million pounds across several alternative asset classes, including placing as much as 70 million pounds in hedge funds, said David Lloyd, chairman of its pensions committee and the investment subcommittee.
