Institutional Investors

Transport for London reconsiders moving into alternatives


The Transport for London pension fund, based in London, England, may look again at hedge funds with a view to investing.

The scheme, which has total assets of $6.6 billion, had previously considered making an investment last year but had put the decision on hold, possibly as a result of volatility in the market.

However, it is understood that hedge funds may now be back on the agenda as a way of diversifying the overall portfolio.

The scheme's current asset breakdown is: UK equities 34.6%; overseas equities 23.1%; UK government bonds 7%;