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
An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).