# Trafalgar House Pension Trust

Trafalgar House Pension Trust is a Pension Fund based in Farnborough, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Farnborough, United Kingdom
- **Region:** Europe
- **Address:** Ascent 4, 2 Gladiator Way, Farnborough, Hampshire GU14 6XN, United Kingdom
- **Founded:** 2006
- **Assets under management:** 2009 (Altss estimate)
- **Website:** www.trafalgarhouse.co.uk
- **LinkedIn:** https://uk.linkedin.com/company/trafalgar-house-pensions-administration-limited

## Regulatory record

- **Reports private funds:** No

## About

Trafalgar House Pension Trust was established in 2006 as the vehicle for a UK private-sector pension scheme. The Trustee, Trafalgar House Trustees Limited, oversees administration and investment decisions. The trust runs a Returns Portfolio of equities, private equity, hedge funds, property, infrastructure and CLOs that targets 3.5 percent above liability returns. A Liability Managed Portfolio uses cash, swaps and Gilts to hedge inflation and interest-rate risk. Confirmed holdings include the Ruffer Total Return International Fund and the exited Macquarie European Infrastructure Fund II. Geographic exposure centers on the United Kingdom and Africa. The trust employs 51 professionals at its Farnborough headquarters. It maintains an African Portfolio and an Uncorrelated Portfolio, both monitored directly by the Trustee. Service providers include Cardano Risk Management Limited as investment advisor since 2006 and Gowling WLG as legal counsel since 2020. The trust operates through a corporate trustee structure that separates scheme administration from investment execution. This architecture allows direct oversight of specialized sleeves such as the African Portfolio without delegation to external managers.

## Sectors

- Private Equity
- Infrastructure
- Real Estate
- Hedge Funds

## People

- Alan Wilde — Chief Investment Officer
- Andrew Parry — Trustee Director
- Ellen Kelleher — Chief Pensions Officer
- Garry Wake — Secretary to the Trustee

## Questions

### Who runs investment decisions at Trafalgar House Pension Trust?

Alan Wilde acts as Chief Investment Officer. Andrew Parry serves as Trustee Director and member of the Investment Committee.

### What asset classes does Trafalgar House Pension Trust allocate to?

The trust allocates to private equity at a 10 percent current weighting. It also holds equities, hedge funds, property, infrastructure, CLOs, Gilts and swaps.

### Does Trafalgar House Pension Trust invest directly or through funds?

The trust participates in fund commitments such as the Ruffer Total Return International Fund. It also maintains direct oversight of an African Portfolio and an Uncorrelated Portfolio.

### Where does Trafalgar House Pension Trust invest geographically?

Core exposure is in the United Kingdom. The trust also runs a dedicated African Portfolio monitored by the Trustee.

### What service providers support Trafalgar House Pension Trust?

Cardano Risk Management Limited has served as investment advisor since 2006. Gowling WLG provides legal counsel and Crowe UK acts as auditor.

## Related profiles

- [North Sea Capital](https://altss.com/profile/north-sea-capital)
- [Festa Pension Fund](https://altss.com/profile/festa-pension-fund)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/trafalgar-house-pension-trust

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