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Goodhart fund receives £40m pension fund injection
Source: Hedge Funds Review | 08 Oct 2009
Categories: Asset Management
Topics: Emerging markets, Absolute return, Pension funds, Equity long/short, Fund of hedge funds (FoHF)
The West Midlands Pension Fund has invested £40 million in Goodhart’s Global Long-Short Equity Fund, a fund of hedge funds.
West Midlands is one of the top 20 UK pension schemes and the third largest UK local authority scheme, with nearly £7 billion in assets.
Judy Saunders, chief investment officer for West Midlands said Goodhart's "distinctive investment-driven approach fits well with our strategy of having a few specialist equity funds alongside passive management."
The fund focuses on unconstrained and absolute return strategies that fit well within the investment structures pension funds employ according to Vincent McEntegart from Goodhart. The management company focuses on finding specialist managers and building an uncorrelated absolute return portfolio.
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