Larger groups back use of hedge funds

Some of the largest occupational UK pension funds agree hedge funds would be well suited to today's investment climate, but wariness of the asset class by trustees has kept allocation low. A survey by Investment Week's sister paper Hedge Funds Review, of 15 pension funds, ranging in size between £120m and £3.5bn showed just one fund had invested in hedge funds, an 11% segment, from a £120m investment pool. The majority of respondents, which included Lloyd's of London, The London Pension Fund Authority, IBM UK, Axa UK, Powergen, The Pensions Trust and TRW, said they would still consid...