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Bit of a bubble in the property pool

In a landmark project, the £11-billion ($17.5-billion) Greater Manchester Pension Fund (GMPF), a scheme for 10 local councils and hundreds of small regional employers including schools and charities, will invest in a series of residential housing projects with local authorities. Lauded as a completely new way of funding house building in the city, Manchester council […]
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LPFA drives single mammoth UK fund

The London Pensions Fund Authority (LPFA), among the largest of the United Kingdom’s Local Government Pension Schemes, is spearheading a bold idea. The £4.2-billion ($6.74-billion) scheme is pushing the notion of combining with London’s other 34 local authority funds into a single, giant scheme. The $32.13-billion superfund would pack more punch as a single investor, […]

Life’s lessons can be applied to pension reform

The UK’s London Pension Fund Authority issued a green paper this week outlining the key ingredients needed to build a better scheme and its successful implementation by 2015. In all corners of the world building a better pension scheme is on the agenda. What then are some of the universal principles for success that all funds can adopt regardless of geography?

UK’s Lothian Pension Fund boosts alternatives

The £2.3 billion ($3.7 billion) Lothian Pension Fund, part of the Scottish Local Government Pension Scheme, has overhauled its investment strategy, increasing its alternatives weighting to more than one third of the total fund, after poor performance in financial year 2008-09 wiped 17 per cent off the fund’s value. Asset Owner:Local Government Pension Scheme
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London Pensions Fund Authority’s opportunistic tilt

The £3.6 billion (US$5.9 billion) London Pensions Fund Authority (LPFA) chief executive, Mike Taylor, talks to Kristen Paech about the fund’s decision to suspend securities lending after the Lehman’s collapse, and some structural changes that have made it possible to invest on a more opportunistic basis. Asset Owner:Local Government Pension Scheme