Funds of Hedge Funds Institutional Investors

Palmer & Harvey McLane to hire fund of funds

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The $165 million Palmer & Harvey McLane Staff Superannuation Fund is on the verge of agreeing a $8.3 million allocation into a fund of hedge funds, believed to be BlackRock.

While the allocation has not yet been made the trustees are thought to have given approval and the investment is likely to be funded once the scheme has made some further decisions on its benchmark asset allocation.

Based in Hove, Sussex, the company is one of the UK's largest distributors to retail outlets.