UK - The £620m (US$1.23bn) London Borough of Haringey pension fund has appointed Hewitt and Hymans Robertson to provide actuarial services and investment advice.
According to the latest annual report, the fund had a 76% funding level. Following a strategic review, the fund chose to alter its asset allocation, reducing its UK equity holdings from 43% of the portfolio to 30% and increasing its international equities holdings from 27% to 35%.
It also introduced a 5% global market cap mandate and a 5% allocation to private equity, introduced an active currency overlay, passive currency hedging and increased its property allocation from 6% to 10%.
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