« Hedge funds achieved more than double equity performance in 2007 | Main | Hedge funds 'will make double digits' »
January 17, 2008
More U.K. pension plans In HFs
The number of U.K. pension schemes investing in hedge funds has more than doubled in the past two years, as has the average percentage of assets allocated to them, but still more than 80% continue to avoid them. According to the annual survey by the National Association of Pension Funds, 17% of British defined benefit schemes now put money in hedge funds, up from 8% in 2005 and 11% in 2006, with average allocation invested in hedge funds rising to 1.2%, up from 1% in 2006 and 0.6% in 2005. Even with the boost it trails the rest of the world, where 47% of institutional investors around the world that invest in hedge funds. According to the study, hedge funds gained as pension schemes invested less in equities. At the same time, private equity did not attract any new converts last year, as the number of U.K. pension schemes in remains at 20% for the second year in a row after climbing in 2006 to that mark from15% in2005. NAPF also notes that 4%of those polled now invest in commodities, up from 2% in 2006 and a non-measurable amount before that. Three out of five pension schemes in the Kingdom now invest in property, up from 54% in 2006 and 50% in 2005.
-Hedge Fund Daily-
Posted by su at January 17, 2008 10:29 AM