IRELAND - The e2.6bn Electricity Supply Board (ESB) Pension Fund is considering investments in hedge funds.
Pension fund officials said that the fund was reviewing hedge funds and was likely to make a decision on investments in the near future.
“Based on the research that we have done so far, we feel that hedge funds have some sort of role to play in our pension fund.
“If we decide to invest, we will start with a minimum allocation, around 1-2%, and may opt for the hedge fund-of -fund route,” said one official.
He added that the fund was likely to hire a consultant to advise ESB on fund-of-hedge fund managers.
Current allocation stands at equities 75%, bonds 10% and property 15%.
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