HFMweek – The £900m ($1.4bn) pension fund for UK breakdown company RAC is set to redeem its only hedge fund investment, HFMWeek has learned.
The RAC (2003) Pension Scheme, which has around 2000 members, has been investing around 5% of its portfolio to fund of hedge funds (FoHF) Blackstone Alternative Asset Management since June 2007.
