The London Pensions Fund Authority, which advises on investments for all of the boroughs within the Greater London area, is searching for an actuary whose scope "may include" investment advice, according to an announcement from the plan. The search is part of a regular review. Hymans Robertson, the plan's current actuary, can rebid. Proposals are due Aug. 19, and a selection is expected by end of year.
CORRECTION: The July 25 edition of P&I Daily incorrectly described how PIMCO deleveraged a $76 million account managed by Advanced Investment Management for the Minneapolis Employees Retirement Fund. The account had $206 million of leverage when PIMCO accepted it, and PIMCO deleveraged the account by $130 million, to $76 million, to bring it within investment guidelines. MERF staff also said the AIM account carried 400% leverage in July, not December 2001, as indicated in the P&I Daily item.