UK - Absolute return strategies are gaining ground among UK pension funds, with clients of consultants Watson Wyatt awarding double the number of such mandates in 2003, as compared to 2002.
In 2003, pension funds awarded 16 absolute return mandates, mainly fund of hedge funds and ten-year mandates, compared to seven in 2002 and ten in 2001. Nick Watts (pictured), European head of t...
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