Institutional Investors

UK’s NEST closer to hedge fund allocation


The UK’s new national pension scheme, known as NEST (National Savings Employment Trust), may eventually consider hedge funds as part of its asset mix.

If the scheme decides to take this route, it could represent a considerable opportunity for the hedge fund industry given that NEST could potentially grow to become one of the largest defined contribution schemes in Europe.

While the decision whether or not to take the hedge fund route is likely to be made by the plan’s trustees – headed by former Gartmore and Thames River man Mark Fawcett – initial indications look favourable. In