Hedge Funds Institutional Investors

UK's Railpen makes $105m long/short equity allocation with niche London player Goodhart


The $24.3 billion RailPen Investments in the UK has made a new allocation to hedge funds via a niche fund of funds play from relatively new player Goodhart Partners.

Chris Hitchen

The latest $105 million tranche of Railpen's investment has gone into Goodhart's global long/short equity fund.

London-based Goodhart was set up earlier this year by a team from WestLB Mellon, who completed a management buyout of the multi-manager business, which currently has around $529 million across three funds, with assets coming from UK pension schemes as well as German institutional investors.

The RailPen investment is in