Shropshire County Council said it allocated 61 million from its employee pension fund to two leading hedge fund managers, Man Investments and Quellos Group, LLC. at the beginning of March.
The Council manages a 610 million pension fund on behalf of employees of the County, District, Unitary Councils, and other admitted bodies.
“We are extremely happy to be working with both Man Investments and Quellos. They are good complementary managers, and provide additional diversification to our investment structure,” said Phil Guy, the Council’s Treasury & Pensions Manager said.
“Although the Shropshire Fund is one of the best funded local authority schemes, this further reduces the risk of deterioration in our funding level from market falls,” Guy added.