The UK's pension protection fund (PPF) is looking to include hedge fund mandates to help make up a d...
The UK's pension protection fund (PPF) is looking to include hedge fund mandates to help make up a diversified portfolio. The PPF, designed to take on the scheme liabilities of UK companies that become insolvent, intends to adopt a contrarian approach to investing. Partha Dasgupta, the PPF's director of investment and finance, said this could by definition mean a moderate allocation to hedge funds. The PPF was established in 2004 to manage liabilities and assets of pension funds of defunct firms, taking in its own assets via levies on healthy pension schemes, and by receiving assets of f...
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