UK - The £3bn pension scheme for UK retail giant J. Sainsbury is considering its first foray into alternative investments which may result in a near £150m tender.
Pension manager for the London-based fund Geof Pearson said it was considering allocating 5% of its total assets to alternatives - which may include private equity, hedge funds, and property.
The last time the fund ventured into private equity and property was just over 20 years ago. Current fund allocation stands at 80% in equities, 20% in bonds.
A decision on the latest move is expected Q1 2002.
Frank Russell is advising.
By Madhu Kalia
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