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Shropshire County Pension Fund hires hedge fund manager

25 July 2013

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Shropshire County Pension Fund has appointed Brevan Howard Asset Management as a multi-strategy hedge fund manager.

In a tender, Shropshire Council on behalf of the pension fund originally stated that it was looking to appoint one or more investment managers on a segregated or pooled basis with a client specific performance objective for the scheme's hedge fund portfolio.

After receiving 30 offers, Brevan Howard was selected and will start its role on 1 August this year.

First published 16.07.2013

monique_simpson@wilmington.co.uk