Institutional Investors

UK councils Berkshire and Kent open their doors to innovative investment solutions

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UK local authorities continue to look for innovative investment solutions that could provide interesting opportunities for hedge funds.

The Royal County of Berkshire Pension Fund is looking to enter into "a competitive dialogue" with potential suppliers of investment management products to manage investment and liability tail risks. Risks the pension scheme is concerned about include deflation, stagflation, a substantial fall in long-term interest rates and/or equities and monetary debasement, among others.

At the same time, because of fluctuating currency markets, Kent County Council Superannuation Fund, based in Maidstone, Kent, is looking for a specialist manager to implement an