Institutional Investors

TfL looks to expand alternatives book


The Transport for London pension fund, based in London in the UK, will look to make further hedge fund investments as part of a plan to grow its alternatives portfolio.

It is understood that the plan is looking to build its alternatives component as it looks to diversify away from a relatively heavy equity allocation.

At the end of the first quarter of 2011 the plan had assets of $9 billion. At that point it had 2% of assets in a multi-strategy vehicle run by BlueCrest Capital Management, 0.6% of assets in a