Institutional Investors

Geneva’s Cern accelerates hedge fund stakes

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Cern pension fund – which runs the pension assets of the particle physics laboratory in Geneva – is set to add substantially to its hedge fund portfolio over the next few months.

The $4 billion scheme will raise its hedge fund investment from roughly $100 million to around $600 million – or roughly 15% of total assets, as it looks to restructure the total portfolio to provide greater capital preservation.

The portfolio restructuring came about as a response to the scheme’s underfunded position – the deficit currently stands at around $2 billion – and to losses sustained in