Strathclyde Pension Fund , Glasgow, hired Millennium Global...

Strathclyde Pension Fund, Glasgow, hired Millennium Global Investments, Mellon Capital Management and Record Currency Management to each manage an active £150 million ($278 million) currency portfolio seeking returns of 100 to 150 basis points net of fees, according to a news release. Hymans Robertson advised. The fund's asset allocation is 75% equities, including active and passive U.K., global and emerging markets; 15% global bonds; and 10% real estate. David Crum, CIO of the £8.5 billion fund, could not be reached by press time for comment.