Strathclyde cuts active management and boosts private equity holdings

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Strathclyde Pension Fund is shifting its global equity holdings further out of active management and boosting its private equity allocations.

The fund, has assets of £11.4bn, has moved its passive management allocations up from 35% to 42.5% due to “the failure of active managers to add sufficient value” over the past three years. Stra...

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