Cheshire Pension Fund is the latest UK pension plan to
favour direct investing with larger 'brand-name’
funds as the backbone of a sizeable hedge fund portfolio.
The Chester-based scheme has now fully funded its 15% hedge
fund allocation, and a mix of direct and indirect investments
have seen it allocate roughly $704 million to hedge funds run
by Och Ziff Capital Management, Winton Capital, Arrowgrass
Capital Partners and Fauchier Partners, as the...