London Borough of Camden Pension Fund is seeking to appoint a hedge fund-of-funds manager to handle a portfolio of approximately £40 million to £50 million, Pensions & Investments reports. This will be the fund’s first hedge fund investment.

The source of funding is not yet decided, but it is expected to come from equity portfolio of the £956 million fund. Interested candidates are requested to submit their proposals by December 5. As per plans, at least one manager will be hired in the first quarter of next year.

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