Allenbridge expands services
9 July 2008

Written by Sophie Baker

Investment consultants Allenbridge Group plc has formed a new division, Allenbridge HedgeSelect LLP (AHS) to provide consultancy services to the UK and European pension fund market, endowments and other financial institutions.

Pensions scheme adviser Yusuf Samad will join AHS as managing director. Allenbridge Group has conducted hedge fund research and rating for over two decades through its dedicated division Allenbridge HedgeInfo (AHI), which identifies mangers with robust processes, regardless of size and location. It expanded its services in May 2007 by branching out to the area of advisory services to pension funds through the acquisition of Epic Investment Advisers (AEIA), which advises funds with assets of more than £10bn.

Samad commented: “Hedge funds have served investors well over the long term, and particularly have acted as an efficient way to counter recent market volatility. Hedge funds are no longer considered an “exotic” investment for pension funds, but are rather seen as an accepted way to improve portfolio diversification, reduce risk, and enhance performance. I believe this perspective will only increase as funds seek to preserve capital and limit downside risk, while also achieving an acceptable level of stable portfolio growth.”