The £956m London Borough of Camden Pension Fund has awarded a £40m-£50m multi-strategy hedge fund of funds mandate to BlueCrest Capital Management. The brief was for a strategy consisting of at least four different hedge fund strategies invested through a fund of funds approach. The performance objective will be based on cash (Libor) plus returns, which are relatively uncorrelated with equities and at lower than equity market levels of volatility.
London Borough of Camden Pension Fund
2 Oct 2012
The £956m London Borough of Camden Pension Fund has awarded a £40m-£50m multi-strategy hedge fund of funds mandate to BlueCrest Capital Management. The brief was for a strategy consisting of at least four different hedge fund strategies invested through a fund of funds approach. The performance objective will be based on cash (Libor) plus returns, which are relatively uncorrelated with equities and at lower than equity market levels of volatility.
Web Share
The £956m London Borough of Camden Pension Fund has awarded a £40m-£50m multi-strategy hedge fund of funds mandate to BlueCrest Capital Management. The brief was for a strategy consisting of at least four different hedge fund strategies invested through a fund of funds approach. The performance objective will be based on cash (Libor) plus returns, which are relatively uncorrelated with equities and at lower than equity market levels of volatility.
Comments