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UK pension funds up investment in commodity assets
UK pension funds are stepping up investments in commodity assets such as farms, timberland, mines and energy projects as they seek to diversify portfolios away from equities, an official at consultant Mercer said. The 2008/2009 global financial crisis was a turning point for pension funds after their equity-heavy portfolios suffered heavy losses and spurred them to seek alternative investments, said Simon Fox, a principal in Mercer‘s investment consulting business. “That triggered a step-change in the way that our clients and we think about and look to build out alternative portfolios, and it was the start of introducing things like real… continue reading