Institutional Investors

UK’s Hertfordshire plans $488m foray into alternatives

by

Hertfordshire Pension Fund, with $3.9 billion in assets under management, is taking a broad view as it looks for managers to handle a major push into alternatives, in a move that could reflect the growing success of fiduciary type consultancy mandates.

While the plan is tendering for a manager to run up to $488 million in alternative assets, it is specifically encouraging not only traditional investment managers but also fiduciary managers and consultants providing implemented solutions to apply.

Asset classes that are expected to be in the portfolio include hedge funds, active currency, global tactical asset allocation, commodities,