Industry News

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

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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UK Pension System Divests From FoHFs

Jun 18, 2013
Jing Chen

The manager of the U.K-based Railways Pension Scheme has terminated two of its three fund of hedge funds.

Financial News reported that RPMI is reallocating about $1.5 billion of its $3.1 billion hedge fund portfolio to direct hedge fund investments.

RPMI chief investment officer Keith Shepherd did not disclose to Financial News which funds of funds are being let go. The system currently employs Blackstone Alternative Asset Management, Grosvenor Capital and Rock Creek Group.

RPMI manages about $29.7 billion for employees.

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