Danish pension scheme moves into hedge funds

Finanssektorens Pensionskasse (FSP), the Dkr16bn (€2.15bn) Danish financial sector pension fund, is making its first investment in hedge funds with the appointment of Russell Investment Group, the multi-manager expert.

FSP will invest in Russell's hedge fund offering and has also awarded the manager a Japanese and emerging markets equity mandate, worth a total Dkr300m.

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