Gwent scheme allocates £125m to global equities

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The Greater Gwent Pension (Torfaen) Pension Scheme has invested £125m in a global equities mandate with Aberdeen Asset Management following a bfinance search.

The appointment followed an extensive tender process, with more than 80 offers received. The £1.05bn local government pension fund will be hoping to recover value after its value fell 22.3% last...

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