{"id":5727,"date":"2007-02-27T00:00:00","date_gmt":"2007-02-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"british-bail-pension-fundp-plans-to-invest-one-billion-in-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2007\/british-bail-pension-fundp-plans-to-invest-one-billion-in-hedge-funds.html","title":{"rendered":"British Rail Pension Fund Plans to Invest One Billion In Hedge Funds"},"content":{"rendered":"<p>  HedgeCo.Net <a class=\"corpHighlight\"><span class=\"copy\">(New York)<\/span><\/a> &#8211; Railpen, one of the largest pension funds in Britain with \u00c3\u201a\u00c2\u00a318 billion ($35.3 billion) in assets under management is  planning to move at least \u00c3\u201a\u00c2\u00a3540 million ($1 billion) into hedge funds this year.<\/p>\n<p>  Chris Hitchen, Railpen chief executive, said they are planning on having \u00c3\u201a\u00c2\u00a31.4 billion ($2.7 billion) invested in hedge funds by December, increasing their exposure from 5% to 8%.<\/p>\n<p>  \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWe have been divesting our equity portfolio to buy other asset classes, such as private equity, property, hedge funds and infrastructure,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d Mr Hitchen said. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWe went into infrastructure assets last  year, but they\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2re somewhat overheated, so we\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2re trying to make sure we don\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2t put all our money in at the same time.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d<\/p>\n<p>  According to the Times Online, a recent NAPF survey indicated that 11% of pension funds had invested in hedge funds by the end of 2006, up from 8% the previous year. There were also rises in the  amount of money that pension funds invested in property, private equity and venture capital as part of a wider move out of equities in 2006.<\/p>\n<p>  He said that despite concerns about the stability of the hedge fund industry, the funds could provide returns that were more stable than equities.<\/p>\n<p align=\"left\">  Alex Akesson<br \/>  Contributing Writer<br \/>  HedgeCo.Net<br \/>  Email: <a href=\"mailto:Editor@hedgeco.net\">Editor@hedgeco.net<\/a> <\/p>\n<div align=\"left\">\n<p align=\"left\">    HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge    Funds!  <\/p>\n<div align=\"left\">\n<p align=\"left\">      <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=      \"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong> and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a>    <\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HedgeCo.Net (New York) &#8211; Railpen, one of the largest pension funds in Britain with \u00c3\u201a\u00c2\u00a318 billion ($35.3 billion) in assets under management is planning to move at least \u00c3\u201a\u00c2\u00a3540 million ($1 billion) into hedge funds this year. Chris Hitchen, Railpen [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5727","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5727"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5727\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}