Institutional Investors

Brevan Howard wins in Camden as allocation upped to 10%


The $1.58 billion Camden Pension Fund, based in north London in the UK, is looking to hand an $80 million mandate to Brevan Howard – a move that would bring its total hedge fund allocation to $158 million or 10% of assets. Earlier this year the pension fund made its first move into the asset class, with an allocation to BlueCrest.

A triennial investment strategy review by consultants AON Hewitt – which recently replaced Hymans Robertson – highlighted that Camden currently has a 73% allocation to equities, having recently funded the BlueCrest allocation.