Reuters – The Barclays UK pension fund may review its 800 million pounds ($1.26 billion) exposure to hedge funds investing in credit as the scheme sets up its own asset management unit, its head of dynamic asset allocation said.
The move would allow the 18.2 billion pound Barclays UK Retirement Fund, one of the largest in the UK, to take charge of investment decisions in that asset class through its newly funded Oak Pensions Asset Management, Stergios Saloustros told Reuters.
