A Reuters analysis of annual reports has found local government pension schemes in the United Kingdom dropped hedge fund investments in favor of infrastructure projects for the second consecutive year in 2019.
Hedge fund investments fell from £1.3 billion ($1.7 billion) to £854.3 milion ($1.116 billion) year-over-year as of March 2019, according to the data. Meanwhile local government pension schemes, some of the largest pension investors in Britain, added £958.6 million ($1.253 billion) to infrastructure investments, a 24 percent increase from the previous year.
Reuters specifically cited the Clyde Wind Farm in Scotland, one of the largest operational wind farms in Europe, as a major attraction for investors.
