Institutional Investors

Royal Mail eyes hedge fund exposure

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In what could be a highly significant development for the UK pension fund market, it has emerged that the Royal Mail Pension Plan – one of the largest in the country – may have been quietly building hedge fund exposure as a way of navigating market volatility.

While the scheme, which has assets of more than $42.2 billion, has in the past shied away from the asset class, there are now signs that it has begun to embrace alternatives.

At a recent meeting of the Communication Workers Union in York, Royal Mail Pension Plan chief executive Gerry