Hedge market too risky for pension investment

Pension funds need to be wary of hedge funds and look to other absolute return strategies with lower risk, according to Stephen Lowe, a consultant for the Railways Pension Trustee Company (Railpen).

Speaking at the Amsterdam Hedge Funds for Pension Funds conference held last month, Lowe told delegates that they should work with existing traditional managers to deliver better risk-adjusted returns rather than just turn to hedge funds.

The murkiness and complexity of the hedge fund world mean a new