UK - The £1.25bn Nottinghamshire County Council Pension Fund has committed £25m (2%) to private equity investment and hopes to appoint a fund manager for this portfolio in the beginning of 2002.
Fund secretary Peter Hurford said the fund is adopting a fund-of-funds approach to diversify its investment strategy and gain high investment returns.
The fund will appoint a specialist consultant in December 2001 to assist in the appointment of a fund of funds manager. The entire fund is advised by William M Mercer.
By Janet Du Chenne
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.