London and Manchester pensions unveil £500m tie-up

Town halls plan to deploy pensions cash on public infrastructure projects in the UK

London and Manchester pensions unveil £500m tie-up

Two of the biggest public sector pension funds in the UK are putting together a common infrastructure investment pool worth £500 million, the latest in a number of such joint investment initiatives.

The partnership, between the £16 billion Greater Manchester Pension Fund and the £4.9 billion London Pensions Fund Authority, will invest exclusively in UK infrastructure assets.

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