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WMPF Hires Firm For Benchmark Review

West Midlands Pension Fund has picked advisory and management services provider Hymans Robertson LLP to supervise yearly formulation and review of the fund's strategic investment allocation benchmark.

West Midlands Pension Fund (WMPF) has picked advisory and management services provider Hymans Robertson LLP to supervise yearly formulation and review of the fund's strategic investment allocation benchmark, Pensions & Investments reports. The new benchmark is due by June. WMPF does not plan to hire new managers.

The Wolverhampton, England-based, sustainable and affordable final salary pension provider has formerly hired firms such as Morgan Stanley Investment Management to execute need-based services for the system. The move to an annual service is aimed at supporting dynamic investments by the $13.3 billion fund.

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