UK - Hermes, the British Telecom (BT) in-house pension find manager, has moved to quash media reports that it is about to move 10% of its asset allocation into alternative investments, such as private equity and hedge funds.
Apart from the BT mandate, which has £30bn in assets, Hermes has around 200 other clients including other pension funds, insurance companies and charities. The BT pension fund is currently running ...
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