Institutional Investors

Boeing plans first direct move into hedge funds


The Boeing Company pension fund staff are drawing up parameters for a hedge fund search that will be carried out in the coming months.

The expectation is that the $65 billion pension programme will be moving directly into hedge funds for the first time, but officials are not disclosing by how much the $1.7 billion hedge fund portfolio will grow.

Todd Blecher, communications director at Boeing, said that how much is to be invested and how that total will be divided between funds of funds and direct hedge funds remains to be seen.