UK pension funds hesitant on easy returns

- By FX Markets Staff
- @FXMarkets_
- 01 Mar 2004

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"You have to be patient with trustees," said Brendan Reville, head of investment manager monitoring and research at UK railway employees’ fund Railpen Investments. "They will accept the [overlay] programme, but it takes a lot of meetings to get through this."

Reville, speaking at an overlay conference hosted by ABN Amro in London last week, said the process of setting up a currency overlay programme at Railpen took a total of two and a half years from inception. Most of this process was completed

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