Highland Council Pension Fund, Inverness, Scotland, hired AllianceBernstein to manage £100 million ($170 million) in global equities, Fidelity Pensions Management to run £60 million in U.K. bonds and Schroder Investment Management to handle £40 million in U.K. real estate, said Roger Niven, investment officer. The £400 million scheme also changed Baillie Gifford's £120 million mandate to global equities with a U.K. bias from a balanced style, and retained Legal & General to run £80 million in passive U.K. equities. Funding came from terminating Insight Investments, which ran £300 million in a balanced mandate, Mr. Niven said; Legal & General had temporarily run the Insight assets while a manager search was conducted. "Moving from balanced to specialist is within the best practice" encouraged by the Myners review of the U.K. investment industry, Mr. Niven said. Hymans Robertson advised.