Hedge funds can rescue pension fund industry, says Cern pension chief
CEO of the Cern Pension Fund Theodore Economou has moved from the traditional allocation strategy used by most plans to a capital preservation approach based on dynamic risk-driven asset allocation
The hedge fund industry could be the saviour of pension funds and in the process grow five or even 10 times larger than it is today, according to Cern Pension Fund CEO Theodore Economou. He says the way forward is for pension funds to use the same sophisticated risk management tools used by the best macro hedge funds to lower volatility and achieve better returns.
What to many will sound like a
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