Institutional Investors

West Midlands in the UK reviews strategic allocation


The West Midlands Pension Fund, based in Wolverhampton in the UK, has appointed Hymans Robertson to help it formulate a new strategic investment allocation benchmark.

The appointment comes as part of the $11.7 billion scheme’s ongoing reviews of strategic allocation, which have seen it become one of the more dynamic among the UK local authority investors as well as being an active hedge fund investor.

The fund’s Superannuation Committee revised overall investment strategy in January 2009, following the turbulent market conditions of 2008, consolidating a process of diversification that began as a result of 2004 and 2007 actuarial