# The City vs Mayfair vs Canary Wharf over pensions

What matters most to hedge fund managers who have negotiated the $100m break-even, is percentages. The billion or$2bn mark is nice to breach but it's a monthly percentage game in the main. However, in London, another percentage game could be about to play itself out, if pension consultant Phil Irvine from Liability Solutions is right in his forecast. His is a prophecy of the difference between percentages of pension fund portfolios hedge fund managers could win, via selection by firms such