Goodhart Partners has received a £65 million investment into its global long/short equity fund of hedge funds from Railpen Investments.

The sole client of Railway Pension Investments is the Railway Pension Trustee Company is the largest of the nine pension schemes managed by the Railways Pension Trustee Company with approximately £20 billion of assets.

At the end of June Goodhart Partners was managing £326 million spread across global long/short equity FoHF and two hedge funds one running a global equity strategy and the other a bond strategy. The FoHF aims to outperform cash by 5% a year in any market environment.

Railpen declined to comment on whether the mandate is part of a larger investment programme into hedge funds.