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August 08, 2011
HBOS Pension Plan Hires Fund Managers
The final-salary pension scheme sponsored by HBOS has hired new fund managers.
The final-salary pension scheme sponsored by
HBOS has hired new fund managers,
Financial News reports. The Lloyds Banking
Group unit made the appointments for first-time
investments in reinsurance and infrastructure in order to
diversify and decrease risk.
The £8 billion pension fund has named Credit
Suisse to manage an investment in reinsurance and
Equitix Investment Management to handle an
infrastructure allocation. The allocations to both accounts are
expected to be over £100 million.
Click here for the story from Financial News.