Funds of Hedge Funds Institutional Investors Mandates & RFPs

Powys increases hedge fund mandate

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The $458 million Powys Council in Wales is understood to be considering an increase in its eventual hedge fund allocation.

The scheme issued an RFP at the start of the year for a fund of hedge funds to run an allocation of roughly $24 million, or around 4% of total assets. However it is now understood that this may rise to as much as 10% if the asset class appears to meet the necessary requirements of added return and diversification.