Hedge funds must act morally to fit pensions' ethical criteria

Richard Gröttheim, executive vice-president of Sjunde APFonden, the 7th Swedish pension fund (AP7), says the requirements that fund of hedge funds managers had to meet two-and-a-half-years ago, when AP7 was seeking funds of hedge funds, were "quite strict", partly because of SRI policies. Both K2 Advisors and EIM met the requirements and now sit as the fund's two main hedge fund providers. AP7 required weekly transparency as well as reports relevant to AP7's SRI stance. "Back then, funds of