US - Los Angeles County Employees Retirement Association (LACERA) has hired four managers to run $200m as part of its fixed income emerging managers programme.
LACERA last week placed £50m briefs each with the following managers: NW Post Advisors, a high yield bond brief; LM Capital Management, domestic enhanced core bond; GW Capital, medium grade bonds; and Hughes Capital Management, domestic core bonds.
The pension fund was advised in-house.
By Luke Clancy
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.