ABB to hire US multi-manager hedge funds

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SWITZERLAND - The Baden-based CHF5.5bn ABB pension fund is on the verge of appointing two hedge fund of fund managers as part of its first for foray in to the asset class.

Daniel Dubach, chief investment officer for the pooled fund - which covers 16 funds in the engineering industry - said that details were being finalised with two US providers for a CHF160m brief. N...

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