Bexley To Liquidate Man HF Portfolio

The London Borough of Bexley’spensions committee has decided to liquidate its hedge fund portfolio, HFMWeek reports. The pension fund has a 2.5% allocation to fund of hedge funds (FoHF) Man Investments.

The move was initiated following an asset liability study earlier this month that showed poor investment performance. The committee has now decided to terminate the £10 million Man allocation and to move out of hedge funds completely.

Click here for the story from HFMWeek.