Institutional Investors

Lambeth tops up BlueCrest AllBlue with $17 million

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The Lambeth Pension Fund, based in south London in the UK, has added to its hedge fund portfolio, increasing an existing allocation to the fund of funds managed by BlueCrest Capital Management by around 50%.

The scheme added roughly $17 million to the BlueCrest AllBlue allocation as part of a rebalancing process, bringing the total investment in the fund to around $55 million, or roughly 4.5% of total assets.

Lambeth also has around 6% of total scheme assets, or roughly $86 million, invested in a fund of hedge funds managed by Pacific Alternative Asset