Institutional Investors

UK’s West Yorkshire mulls direct route to reduce fees

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Source: HedgeFund Intelligence Database

West Yorkshire Pension Fund, one of the UK’s largest public pension funds and one of the most long-standing hedge fund investors, is considering a shift into direct investments.

Currently the $12 billion fund invests around $600 million across five fund of hedge funds portfolios having first announced plans to allocate as far back as 2005. At the time, the plan was to invest 5%, equivalent to $419 million, of its portfolio in the five FoHFs over a three to four year period with the assistance of bFinance.

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