More NewsJPMorgan Win Kvaerner Hedge Fund Of Funds Mandate

JPMorgan Win Kvaerner Hedge Fund Of Funds Mandate

Kvaerner Pension Fund (Kvaerner) has appointed JPMorgan Alternative Asset Management to manage a new hedge fund of funds mandate worth £25 million (approximately $40 million). This is the first time Kvaerner has taken the decision to employ a hedge fund strategy in managing its pension fund assets. The £25 million mandate has been invested in a multi-strategy hedge fund of funds. Scott Stein, Vice President, JPMorgan Alternative Asset Management, said: ‘Kvaerner’s allocation demonstrates the growing trend we are seeing among institutions in the UK in the use of hedge fund strategies – where institutions are increasingly looking at alternative investments to enhance the return and reduce the risk in their portfolios.’

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