Institutional Investors

Lancashire County Council Pension Fund considers shake-up of investment portfolio


Lancashire County Council Pension Fund is on the verge of a shake-up across its investment portfolio that may impact its hedge fund allocation.

In particular, a meeting of the pension fund investment committee in mid-April discussed the fund’s new investment strategy and conducted a private review of the fund of hedge portfolio.

The committee also decided to take an innovative step in appointing a specialist consultancy bench, enabling it to receive tailored advice on niche investment areas, rather than relying on the services of a generalist consultant on a retainer.

Having received a number of tenders from consultancy