'Accounting trick' hid £5bn in poor performance of alternatives

Stephanie Baxter
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Consultants have been accused of using an "accounting trick" to overstate the performance of alternative investments by about £5.1bn over the past decade across Local Government Pension Schemes (LGPS).

A report by research firm CLERUS found performance assumptions used to promote alternatives did not stand up to scrutiny and were in stark contrast to historic performance. Using publically avai...

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