Reuters – Berkshire County Council’s 1.05 billion pound pension fund has made a decisive move into hedge funds as part of a new 17.5 percent allocation of assets to alternative investments.
The scheme has decided to allocate 7.5 percent to hedge funds alone, at the highest end of exposure currently taken by traditionally conservative pension funds.
It has also more than halved listed equities exposure in a bid to generate more stable returns and diversify its portfolio.
