Hedge fund delays [intake] closure for pension investors

``ABS manager Alistair Lumsden correctly predicted the sub-prime crisis in 2007, with investors in his fund making 179% in the two years to June 2009, a figure which fuelled strong inflows, including from pension funds... "One of the reasons for waiting is to be mindful of pension funds, in particular, which take a number of months making decisions on hedge funds since the crisis," the investor said.''