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Dutch fund appoints two fund of hedge funds providers

The pension fund of TNO, the Dutch scientific and technical consultancy, is the latest pension fund to invest in fund of hedge funds and has appointed two providers for its first foray into the asset class.

The €1.3bn ($1.6bn) fund will invest up to €100m in fund of hedge funds and has appointed Pacific Alternative Asset Management Company (Paamco) and EIM Group for an initial €15m each.

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