Railpen appoints hedge fund managers for new £600m brief

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UK - Railpen, the £15bn industry-wide pension scheme for the UK rail industry, has appointed three hedge fund managers to oversee its new £600m portfolio.

The three managers, all based in the US, are Blackstone Alternative Asset Management, Grosvenor Capital Management and The Rock Creek Group. Railpen said each manager would invest one third of t...

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