Royal Mail to allocate £300m to hedge funds

LONDON – Royal Mail's pension fund is believed to be interviewing hedge fund managers with a view to making a large allocation to the asset class.

The pension fund managers are, with the assistance of a consultant, understood to be starting with funds of hedge funds and are considering committing up to $300 million of its £15 billion pension fund pot to hedged products. The process is believed to be currently at the stage of interviewing managers.

The Royal Mail has one of the UK's largest