Europe's second largest pension fund, Holland's ABP, has added an extra 1% to its hedge fund allocation, bringing the total proportion to 6%. Formally known as Stichting Pensioenfonds ABP, it is the pension fund for employers and employees in service of the Dutch government and the educational sector.
The move comes as the $231 billion scheme looks to further diversify its assets in the face of volatile equity markets. In addition, a spokesman said, the scheme's managers are seeing interesting opportunities in the hedge fund arena, particularly in the distressed space. The target allocation for equities has been