J Sainsbury PLC Pension Scheme, London, will invest 5% of plan assets in alternative investments, subject to further research, said Geof Pearson, secretary. He said trustees for the £2.6 billion ($3.8 billion) plan wont begin manager searches until its investment committee provides a detailed investment strategy. That could take another six months, he said. Frank Russell is advising.
Mr. Pearson also plans to publish abridged minutes of the Oct. 30 trustee meeting on the plans website, www.jspensions.com.