Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

To submit industry-related press releases or request feature ideas please contact

News Archive

Read More Industry News >

British Pension Manager Turns to HF Investments

Mar 24, 2013
Jing Chen

British pension manager Railway Pension Investments plans to invest $683 million to about seven hedge funds this year.

Bloomberg Businessweek reported that the decision for Railway Pensions, known as Railpen, to allocate to direct hedge funds comes at the time when the pension manager is looking to cut costs by diverting from fund of hedge funds investments.

Keith Shepherd, the chief investment officer of Railpen, told Bloomberg that the pension manager will “end up with roughly half of [its] hedge fund assets in the fund of funds, and roughly half in direct hedge funds.”

Railpen, which oversees approximately $27 billion for U.K.’s rail workers, currently has about $2.4 million invested in hedge fund strategies.

Read More Industry News >

eVestment’s 2016 Hedge Fund Industry Outlook

Request Your Copy