CHOPPED: West Midlands Pension Fund Drops Hedge Funds

West Midlands Pension Fund is dumping its relatively small hedge fund program. The £10.1 pension fund is in the midst of selling its entire £200 million hedge fund allocation. The capital from the transaction will go to other under-allocated asset classes.

The hedge fund allocation was endorsed by the fund’s former chief investment officer Judy Saunders. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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