Clwyd LGPS overhauls hedge fund portfolio after 'disappointing' returns

Stephanie Baxter
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Clwyd Pension Fund has undergone a restructure of its hedge fund strategy which will generate cost efficiencies and protect against volatility, following a major investment review.

The £1.4bn local government fund has moved its 13% hedge fund allocation from four previous managers into a managed account platform run by Man FRM, through which Clwyd will allocate 9% of its asse...

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