US -. The South Carolina Retirement System has appointed GAM to manage a US$750m mandate for allocation into GAM's diversity strategy.
GAM said the diversity strategy was a globally diversified, multi-strategy fund of hedge funds that aimed to provide investors with access to multiple sources of absolute return.
Joe Gieger, managing director, Americas, at GAM said: “GAM is delighted to have South Carolina as a client. We look forward to providing South Carolina with exceptional service and aim to help it meet its absolute return objectives as part of its portable alpha program.”
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.
There have now been a total of 47 buy-in and buyout deals of over £500m announced since 2007. The full list, provided courtesy of LCP, is as follows...
It may be time to create variations of limited liability, but each alternative has its own problems, Con Keating argues.
A former energy and climate change secretary has said that by continuing to invest in fossil fuel firms, pension schemes are just making the climate change crisis even worse.