HFM Week – The Transport for London (TfL) pension fund, which manages about $9.4bn, is looking to allocate up to $545m to hedge funds, HFMWeek can exclusively reveal.
The fund, which currently has a 10% hedge fund allocation, will be looking to make investments to single manager hedge funds in the next three-to-five months. This was confirmed by investment officer for the fund Padmesh Shukla, though he was unable to divulge details on the strategies the fund will consider.
