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Merseyside Pension Commits to AMP
The £5 billion ($8.2 billion) Merseyside Pension Fund has decided to allocate £20 million ($32.4 million) to Australian fund manager and infrastructure investor AMP Capital’s Strategic Infrastructure Trust of Europe. The investment will be funded by trimming a U.K. equities portfolio that accounted for about 5 percent of the fund’s total assets. The Liverpool, England–based pension fund has a 2 percent target allocation to infrastructure. No consultants were involved in the search.