UK - The £1.4bn pension fund for Leicestershire County Council may consider a move into hedge funds as early as next year.
According to investment manager Colin Pratt, the fund’s investment committee “has received a report on the merits of hedge funds”. But he stressed that a move into the asset class would not be a consideration for at least six to nine months “at the very earliest”.
Pratt added that the fund’s primary consideration is getting the new private equity portfolio, that is currently up for tender, active.
It is likely that any move into hedge funds would be via a fund of funds route.
Leicestershire’s current strategic allocation stands at 75% in equities and 25% spread across fixed-income, cash, and real estate.
The fund is advised by Hymans Robertson.
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