Barings adds two funds to multi-manager range

Baring Asset Management (BAM) has increased its hedge fund exposure from 20% to 25% across its multi-manager funds. Close Hedge Managed and Thames River Hedge Plus funds have been added to BAM's Extended Risk, Optimum Risk and Reduced Risk multi-manager portfolios. The group is also considering the possibility of investing into a third hedge fund. David Coombs, director of multi-manager investments at Barings, said: "A 25% allocation to hedge funds is not what many investors will expect to see in a typical multi-manager portfolio but we are confident in our decision to increase the weigh...