Institutional Investors

Barclays weighs up review of exposure through OPAM


Barclays Pension Fund, one of the largest schemes in the UK, may look to review its hedge fund exposure under the auspices of its newly established asset management subsidiary, Oak Pensions Asset Management, which launched in December.

It is possible the $29.2 billion fund will follow the example of the BT pension fund, which runs a hedge fund portfolio via its own asset management subsidiary, Hermes Fund Management.

While Barclays states it is too early to decide the appropriate way forward, the establishment of OPAM may well place the roughly $1.3 billion hedge fund portfolio – largely in