International institutional investors are making long-planned moves into hedge funds, saying the timing is right now that risks have receded and opportunities abound. “Clients who held off on making allocations are, as they begin to feel more comfortable, going ahead and making allocations to hedge funds,” said Simon Fox, principal and coordinator for European hedge funds-of-funds research at Mercer LLC, London. Funds taking the plunge include the £23 billion ($37 billion) Universities Superannuation Scheme, or USS, Liverpool, England; the $25 billion Korea Investment Corp., Seoul; and the £6 billion West Midlands Pension Fund, Wolverhampton, England.