The Pension Protection Fund (PPF), U.K.’s GBP3.6 billion pensions lifeboat, is upping its alternatives allocation by 10%, initiating investments in infrastructure and private equity.
The GBP3.7 billion Lancashire County Council Pension Fund will be reviewing assets worth GBP720 million held with Legal & General Investment Management in passive global equity in the third quarter.
North Yorkshire County Pension Fund plans to cut its passive currency hedge to 25% and review it on an ongoing basis.
Royal Borough of Kensington and Chelsea Pension Fund has tendered for an active global equity mandate for an initial value of GBP300 million.
The newly launched Gemeente Overpelt pension scheme has appointed Dexia Asset Management as its investment manager.
The EUR32 million Europol Pension Fund, which currently holds almost all its assets in cash, is looking to re-enter markets at the end of the year.