Worcestershire LGPS adopts downside protection for £1.2bn equity portfolio

Stephanie Baxter
clock • 3 min read

Worcestershire County Council Pension Fund has implemented a solution to bank some of the recent upside in the equity markets and protect these gains through to its 2019 triennial valuation, PP has learned.

It is the latest local government pension fund to go down this route two years after changes to the LGPS regulations clarified that funds can use derivative-based strategies. The £2.8bn fund's p...

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