UK - British Telecom's £26.6bn scheme is setting up a dedicated unit to handle its first hedge fund investments. And it is inviting other schemes to join it.
The British Telecom Pension Scheme, which has a £2.1bn deficit, will invest a total of £500m in up to 40 single strategy hedge funds in order to reduce its risk profile and increase returns. The...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
