UK - The London Borough of Enfield pension fund has pulled £25m (US$51m) from its allocation to UK property in favour of European markets.
Downturns in UK real estate returns over the last few months were a consideration, but not the major reasoning behind the new allocation, according to sources close to the fund.
In June the borough's pension fund awarded a £15m (US$30.6m) infrastructure mandate to Babcock & Brown.
Elsewhere, Tameside Metropolitan Borough Council has awarded Drivers Jonas the contract to value the Greater Manchester pension fund's property portfolio.
According to its 2006 annual report, the £8.5bn (US$17.3bn) pension fund's directly owned property portfolio comprised of 72 properties valued at £525m (US$1bn), and its indirect property portfolio included six specialist property unit trusts with a value of £108m (US$220.7m).
In August a spokesperson said the pension fund's portfolio was valued every year and this was part of a retendering exercise for valuers.
Johnson Controls International has appointed XPS Pensions as investment and actuarial adviser for two of its schemes, following a competitive tender process.
Merseyside Pension Fund has allocated an initial £400m of assets to a smart sustainability fund managed by State Street Global Advisors (SSGA).
This week's top stories included exclusive coverage of The Pensions Regulator's plans to require schemes to use professional trustees.
Buck has launched a solution to help pension schemes equalise guaranteed minimum pensions (GMPs) in a cost effective way with minimum hassle.