The pension fund of Boeing Co., Seattle, awarded Commercial Union Investment Management in London an additional $50 million allocation, the money management firm said in a release. A staffer at the Boeing pension fund said ``we normally don't comment on investments.'' According to the money manager, the allocation comes less than a year after the fund hired Commercial Union to manage a $100 million global mandate.
According to a P&I estimate, Boeing has $28.5 billion of total pension assets, including $19 billion in defined benefit assets.
