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Europe's second biggest pension scheme rejects hedge funds

Dutch healthcare workers' fund has already 'virtually eliminated' its entire €4 billion portfolio

PFZW's offices
PFZW's offices

Pensioenfonds Zorg en Welzijn, the €156 billion Dutch healthcare workers' fund, is to stop all further investments in hedge funds, arguing they are too costly, complex, and produce returns that are too similar to conventional markets.

The fund said in a statement Friday: "Hedge fund investments are no longer part of PFZW's new investment policy".

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