The London Borough of Hillingdon Pension Fund – based in Middlesex in the UK – is understood to have disinvested, possibly temporarily, from its investment in a fund of funds managed by Fauchier Partners.
The reason for the move is unclear, and officials at the scheme declined to comment. Changes are taking place in the investment process at the fund. However, it is possible that the money will be reinvested at some point.
The $924 million scheme had a 4.3% investment – roughly $39 million – in a mandate run by Fauchier. The appointment was made in April