Pension funds increased hedge fund allocation in 2008 (Fund News)
European pension funds continued to increase their allocations to alternative assets such as hedge funds and commodities last year, according to a report by Mercer Investment Consulting.
Candover, the private equity group, has agreed with its investors to suspend the â?¬3bn fund it raised last year, freezing new investments and reducing its management fees.
After the US Treasury changed the rules of its $1,000bn toxic assets plan, hedge funds and small fund companies could get government loans to buy troubled securities from banks.