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UK’s Avon Pension Fund reviews its bespoke Man portfolio

June 05, 2012  

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River Avon
A strategic review of its total investments has seen the $4.3 billion Avon Pension Fund expressing concerns about the returns of Man Investments, one of its four fund of hedge funds holdings.

While Man is making changes to its portfolio, it remains under scrutiny as a result of its underperformance. Over one year, it significantly underperformed its benchmark, with an absolute return of...

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