UK - The West Midlands Pension Fund has invested £30m ($50m) in the BlueBay emerging market opportunity fund.
West Midland chief investment officer Judy Saunders said the fund had a 3% allocation to emerging market debt.
She added the BlueBay fund complemented the £7bn local authority scheme's existing investments in the area.
The fund, launched in June 2007, achieves long and short exposure to fixed income securities of issuers based in emerging market countries, denominated in both US dollars and other hard currencies.
The mandate followed a £40m investment in a global long-short equity fund of hedge funds run by Goodhart Partners.
Saunders said the appointment was part of its strategy of having a few specialist equity funds alongside passive management.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.