Worcestershire LGPS adopts downside protection for £1.2bn equity portfolio

Stephanie Baxter
clock • 3 min read

Worcestershire County Council Pension Fund has implemented a solution to bank some of the recent upside in the equity markets and protect these gains through to its 2019 triennial valuation, PP has learned.

It is the latest local government pension fund to go down this route two years after changes to the LGPS regulations clarified that funds can use derivative-based strategies. The £2.8bn fund's p...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

PP Investment Conference: Last chance to register

PP Investment Conference: Last chance to register

Mansion House reforms, private markets and endgame key topics for 19 November event

Professional Pensions
clock 18 November 2024 • 1 min read
Mansion House speech a 'missed opportunity' for DB pensions sector

Mansion House speech a 'missed opportunity' for DB pensions sector

Industry hits out at lack of proposals for private sector DB surpluses

Jonathan Stapleton
clock 15 November 2024 • 3 min read
Government publishes Pensions Investment Review interim report and launches consultations on DC and LGPS

Government publishes Pensions Investment Review interim report and launches consultations on DC and LGPS

Proposals on DC default funds and contractual overrides as well LGPS consolidation

Jonathan Stapleton
clock 15 November 2024 • 4 min read
Trustpilot