Institutional Investors

UK’s Brent mulls Fauchier’s proposal for distressed credit opportunities

by

The Brent Pension Fund, based in London, is considering a shift in its hedge fund allocation to take advantage of opportunities in distressed credit.

The move comes as part of a proposal from its hedge fund provider, Fauchier Partners. Fauchier Partners (see profile, pages 28-30) has suggested that Brent invest 2% of total assets, or $14.3 million, in Fauchier’s Jubilee Special Situations Fund, a restructured vehicle specialising in distressed situations, taking the money from an existing investment in the Jubilee Absolute Return Fund.

Currently the Brent Pension Fund has committed 10% of its total assets, or around $72