Institutional Investors

Trafalgar House ups macro to protect against volatility


The $2.1 billion Trafalgar House Pension Trust is looking to build up its allocation to macro-oriented hedge funds to help it cope with volatile market conditions.

The plan, based in London in the UK, has seen exceptional performance in 2009 and 2010, partly thanks to its dynamic and hands-on approach to asset allocation. A monthly investment committee – working with the scheme’s advisors, Cardano - adjusts the portfolio based on its outlook for different asset classes.

The second half of 2011 saw the scheme reducing its asset allocation to bank loans, collateralised loan obligations and structured products.