UK -The £1.5bn (US$2.9bn) Durham County Council pension fund has today announced a radical shake-up of its asset allocations, with six new mandates going live across a range of asset classes, designed to increase returns and reduce contribution rates.
Previously, the fund was split between three balanced mandates, two actively managed by Barings Asset Management and Morley Fund Management and a passive mandate overseen by Legal and General Inves...
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