Some investors may see it as ironic that a fund dedicated to supporting floundering pension plans is remaining invested in the hedge fund industry even as many of the pensions its backs are leaving hedge fund investments as quickly as possible. The Pension Protection Fund (PPF) is a British fund with about $30 billion in assets that is dedicated to supporting retirement funds in the UK. that run into trouble. And yet, at a time in which many pension funds around the world have made headlines for their dramatic departures from the hedge fund scene, the PPF is steadfast in its devotion to hedge funds as a means of diversifying its investments. What is the PPF and why is it remaining in the hedge fund world?