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%.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers