European schemes shun hedge funds – Greenwich

IPE.com 29/Sep/05: EUROPE – European pension funds have not followed through onexpectations that they would increase their use of hedge funds and private equity, according to new research from Greenwich Associates.

“Many institutions have been talking quite forcefully about venturing further into these asset classes, but in practice most have continued to dabble,” the firm said.

It said allocations to hedge funds and private equity have remained flat at about 1% of assets for each of the past three years.

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