UK - Devon County Council Pension Fund has appointed managers to run two of the three mandates it tendered for in June.
The fund has appointed Lazard Asset Management and Wellington Management International, who will manage £150m (US$254m) each in global aggregate bonds.
It has also hired Aberdeen Asset Management and Sarasin & Partners, who will manage £90m each in global equities.
The total mandate awarded so far is for £480m, while the initial tender was for £580.
In June, the fund was looking for managers to run a £300m global fixed income mandate, a £100m emerging markets equity brief and a £180m global equity mandate.
Devon County Council Pension Fund investment manager Barry White said the manager for the £100m emerging markets equity mandate has also been appointed.
He declined to name it, but said the transition would happen in the next weeks, once some technical issues are solved.
bfinance helped the scheme with the selection process.
bfinance director business development Michael Hart said: "We have seen investors returning to the equity markets and of course, with the current financial climate, fixed income remains a popular asset class."
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.