Summary
LONDON (HedgeWorld.com) - One of the United Kingdom's largest pension schemes has awarded a $200 million mandate to an alternative beta program managed by Zrich, Switzerland-based Partners Group. The Universities Superannuation Scheme, which has assets of around 30 billion ($59.5 billion), was examining a number of approaches to achieving hedge fund-type returns without having to pay the fees commonly associated with hedge fund products.
This is one of the first investments made by the Universities scheme in the wake of the investment committee's decision to allocate 5% of total assets to alternative investments by 2008, rising to 20% "over the medium term," according to a press release.See the full content of this document
Extract
Partners Alternative Beta Tops $1 Billion
The award pushes assets in the Partners' alternative beta program to more than $1 billion...
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