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The Willis Pension scheme selects Towers Watson for £100m ($161m) hedge fund portfolio

Monday, October 08, 2012

Chris Ford
Opalesque Industry Update - The Trustees of the £1.5 billion Willis Pension Scheme have chosen Towers Watson to manage a large portion of its hedge fund portfolio on a fiduciary basis, following a competitive tender. The portfolio, which will have an initial value of around £100 million, will be invested in a broad range of hedge fund strategies.

Chris Ford, EMEA head of Investment at Towers Watson, said: “This is a significant development for our business and is part of a trend where more clients and prospects are choosing to delegate all or part of their investment decisions to Towers Watson. Our hedge fund capabilities have grown and changed significantly since we started researching hedge funds over a decade ago.”

Towers Watson has delegated responsibility for over US$56 billion of assets worldwide, of which over US$7 billion are invested in hedge funds.

Press release

bc

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