UK - Cambridge Associates has been appointed by Nottinghamshire County Council to allocate £14m to two private equity fund of funds, yet to be decided.
The £1.4bn scheme currently allocates around 1.5% of its assets to private equity. Cambridge Associates was appointed just before Christmas last year and will begin placing the money in the first quarter of this year. No consultant was used in the appointment. The entire fund is advised by William M Mercer.
Cambridge Associates has offices in the US, UK and Singapore.
By Luke Clancy
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers