UK institutions appear to be pressing ahead with hedge fund investing, although some that were in the early stages appear to be taking more of a 'wait and see' approach.
The $375 million British Waterways Pension Fund recently finalised an allocation believed to be around 10% of total assets. It is thought that the allocation went to Financial Risk Management. Based in Watford, British Waterways cares for the UK's canals and rivers.
Similarly Swansea City & Council Pension Fund has awarded a mandate of around 5% of total assets, believed