Institutional Investors

Waltham Forest boosts alts


Waltham Forest Pension Fund, based in Essex, UK, has given the green light to a hedge fund investment of up to 8% of its total assets. The move comes as part of a shift that will see the fund significantly upping the alternatives component within its $822 million portfolio.

The UK pension fund will now look for a fund of funds to handle an allocation of 5% of total assets, to be increased to 8% if the fund were subsequently to disinvest from Global Tactical Asset Allocation. However, at the moment there are no plans to redeem the