Lothian loses 17% and implements new investment strategy

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The £2.4bn Lothian Pension Fund is set to implement a revised investment strategy after losing 17% over the fiscal year to March 31.

According to its annual report and accounts for 2008-2009, the scheme also undertook an actuarial valuation which showed a funding level of 85%, with a deficit of £524m. The new strategy will se...

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