Apr
26
This $30 Billion Pension Pot Is Keeping Faith With Hedge Funds
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PPF says the much-maligned funds are useful for higher returns
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Hedge funds are part of firm’s alternative-investment strategy
The firm that compensates members of U.K. retirement pots when they run into trouble is keeping faith with hedge funds despite widespread criticism of their high fees and underwhelming returns.
The Pension Protection Fund has about 23 billion pounds ($30 billion) under management and a 4.1 billion-pound surplus, thanks in part to investing in assets other than stocks and bonds, according to Ian Scott, its head of investment strategy….
This $30 Billion Pension Pot Is Keeping Faith With Hedge Funds
