Institutional Investors

UK borough Camden hires BlueCrest for $80 million mandate


Camden Pension Fund, based in north London in the UK, has appointed BlueCrest Capital Management to run a mandate worth around $80 million, or 5% of assets.

The fact that the investment committee was unanimous in picking BlueCrest highlights the growing stature of the self-invested fund of funds products in the marketplace: BlueCrest’s FoHFs grew 28.57% from $5.6 billion to $7.2 billion in 2011.

Out of over 50 RFPs submitted, the scheme came up with an interestingly diverse shortlist of five FoHFs with the aid of consultant Hymans Robertson: Aurum Funds, BlueCrest Capital Management and Brevan Howard from