West Midlands Pension Fund, Wolverhampton, England, is in the process of selling its entire £200 million ($300.4 million) hedge fund allocation, said a spokesman for the pension fund.
The £10.1 billion pension fund will allocate these assets to other asset classes in which it currently invests, “especially those areas where we are underallocated,” he said in an e-mail.
The spokesman declined to comment further.
