WEST PALM BEACH, FL (HEDGECO.NET) – The leaders of the British Rail workers union have raised some concerns over what they thought were excessive hedge fund investments. The decision was recentlymade by the pension administrators of Rail Pension Scheme, to devote about US$1billion of its retirement nest eggs into alternative investment strategies. This amount representing about 5% of thetotal pension schemes assets is the largest investment of any British pension scheme into hedge fund investment strategies, according to published reports.<\/p>\n
According to the union leader, Bob Crow, the issue that hedge funds still remain a mystery to many ordinary workers heightened his concern. According to him, \u00c3\u00af\u00c2\u00bf\u00c2\u00bdThese are complex financial instruments,\u00c3\u00af\u00c2\u00bf\u00c2\u00bd he added, “Our concern is that the full implications are not yet known.”<\/p>\n
According to published reports, Mr. Crow represents about 67,000 employees of the UK\u00c3\u00af\u00c2\u00bf\u00c2\u00bds transportation sector. He further said it is vital that employees\u00c3\u00af\u00c2\u00bf\u00c2\u00bd retirement funds were not left to \u00c3\u00af\u00c2\u00bf\u00c2\u00bdthe mercy of naked market forces.\u00c3\u00af\u00c2\u00bf\u00c2\u00bd<\/p>\n
Pension funds in UK have not been active with hedge fund investments historically. However this year we have seen the emergence of new trend, as many more of such groups have increasingly embraced hedge fund investment strategies. There is little doubt that such trends will have a continuing significance for the near future.<\/p>\n
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net<\/p>\n
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