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Laxman Pai, Opalesque Asia: The Local Pensions Partnership (LPP) has announced it had established the LPPI Diversifying Strategies fund, pooling together GBP 750m ($972.66m) of assets.
A press release from the UK local government pension services provider said that the multi-manager, multi-strategy fund was designed to "exploit a broad range of relative value and macro directional opportunities in global capital markets."
LPPI Diversifying Strategies Fund seeks to generate a diversifying source of return distinct from global equity and bond markets, it said.
The investment mandate seeks investments in a variety of alternative strategies where the drivers of return are not primarily dependent on market factors.
The release quoted Susan Martin, LPP Chief Executive, as saying: "The LPPI Diversifying Strategies Fund is the latest addition to our expanded range of investment strategies supporting clients' strategic asset allocation implementation."
"With LPP's scale, we are able to access different and niche investment strategies which are often closed to new investors, providing innovative, practical implementation solutions for our clients," she added.
The Fund is the latest in a series of investment funds and structures launched by LPP. Since it started operations in April 2016, LPP has launched a GBP 599 million Fixed Income Fund, a GBP 1.3 billion Credit Fund, a GBP£1.5 billion Global Infrastructure Fund, a GBP 1.8 billion Private equity structu...................... To view our full article Click here
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