Hedge Funds Institutional Investors

Personal Accounts Delivery Authority mulls allowing hedge fund investment

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In a move that could see a major influx of investment into hedge funds the Personal Accounts Delivery Authority (PADA) in the UK is considering allowing the asset class as one of its options.

The PADA is a non-departmental public body specifically established by legislation to introduce the personal accounts scheme in the UK which will function as an occupational pension scheme for millions of savers.

As part of preliminary discussions prior to selection of a trustee corporation, the PADA cites alternatives as a potential source of both diversification and improved investment performance for