LPFA invests first tranche in opportunistic fund
UK - The circa £3.6bn (US$6.9bn) London Pensions Fund Authority (LPFA) has awarded incumbent manager European Credit Management (ECM) £25m.
ECM will handle the investment as part of the LPFA active sub-fund's new opportunistic allocation for non-quoted securities, which accounts for up to 5% of assets and sits alongside a satellite fund for...
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