Three allocations worth a combined £820m have been made by Strathclyde Pension Fund as part of the implementation of a new investment strategy. The move sees the £20.8bn LGPS fund allocate £200m to the Ruffer Absolute Return Fund and £500m to the J.P. Morgan International Infrastructure Fund.
Strathclyde has also invested £50m in the Equitix Fund V, a fund investing in UK small and mid-cap core infrastructure and energy efficiency assets.
There was also £20m for investment in GAM Real Estate Finance Fund II, a fund for real estate loans.
In March Strathclyde revealed it had brought its equity weighting down to 57.5% by selling one tenth of its equity exposure and cutting more than £1bn from a passive equity mandate run by Legal & General Investment Management.
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