UK charity fund The Pensions Trust is considering the possibility of investing £100m in alternative assets.
Chief executive, Richard Stroud said this has been “on the agenda for some time”, although the strategy is still being researched.
Stroud said the briefs would be worth about 5% of the fund’s total £2bn assets. The Pensions Trust has not decided on which type of mandates, within the alternative asset framework, to introduce.
Stroud said that the implementation of an alternative investment strategy could take up to nine months.
The fund’s current asset allocation is 51.5% UK equities, 23.6% non-UK equities, 9.3% UK bonds, 6% non-UK bonds, 3.1% UK index linked gilts, 4.4% cash and 2.1% property.
The consultant for the The Pensions Trust is Watson Wyatt.
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