Hertfordshire superannuation fund signs LGT Capital for alternatives

Hertfordshire County Council Superannuation Fund, Hertford, England, hired LGT Capital Partners to run up to £300 million ($486 million) in multiasset alternatives, confirmed Patrick Towey, head of specialist accounting at the council.

The £2.4 billion pension fund issued an RFI in April for a manager to run a broad range of alternative asset categories, such as active currency, commodities, emerging markets debt, global tactical asset allocation, high-yield bonds, infrastructure, private equity and timberland.

Mr. Towey would not provide further information.