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By Beverly Chandler, Opalesque London:

Towers Watson’s recent two papers on the state of the hedge fund industry were reported on in Opalesque. Damien Loveday, global head of hedge funds at the firm, explains the origins of the firm that combines two names from the consultant industry as the result of a merger of Watson Wyatt and Towers Perrin in 2010.

Watson Wyatt was already well known for its investment expertise in the hedge fund sector at the time of the merger and had been researching hedge funds since the late 90’s and working with clients on their hedge fund portfolios. Loveday joined the firm in 2006. The firm now advises on $25bn in hedge funds on a global basis.

"Our clients are largely corporate pension plans in the UK, Europe and the US and Asia and Australia. To date the majority of hedge fund portfolios we have advised on have been to European corporate pensions, although a growth area for us are the corporate pensions and foundations in the US and Australia."

The service that Towers Watson offers is a proactive one. "We haven’t been in the business of providing ratings on hedge funds and leaving clients to decide for themselves. We are active in delegated consulting, so plugging a governance gap in a client’s organisation and ......................

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