London LGPS collective investment vehicle to launch by May 2015

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A collective investment vehicle (CIV) for London's Local Government Pension Scheme (LGPS) funds will go live in the next 12 months, according to London Council's Hugh Grover.

It comes as the Department for Communities and Local Government (DCLG) consults on introducing CIVs and passive investment strategies across the 89 funds in England and Wales (PP Online, 2 May). ...

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