Institutional Investors

UK authority Hackney considers alternatives


Coming off the back of a strong year for pension funds with heavy equity exposure – the average WM local authority fund achieved a return of 35.2% last year – many continue to look to alternatives as a potential diversification tool.

Hackney County Council Pension Fund, based in East London, may consider raising its allocation to alternatives during the course of this year.

The $1.18 billion pension fund is considering a total allocation of up to 10% of total assets to alternatives, although it is unclear what percentage of that might be in hedge funds, and whether the