Institutional Investors

Kensington and Chelsea stays cautious


The Royal Borough of Kensington and Chelsea, in London, will continue its cautious approach to investment which, for the time being, will preclude an investment in hedge funds.

While the plan is understood to have considered the asset class, investment committee members are wary of what they perceive to be complicated investment structures.

At a recent meeting, the trustees considered options available to implement a more flexible asset allocation strategy, with the stated aim of "taking advantage of opportunities that might occur from time to time in different investment markets."

As a result, any potential exploration of more flexible