Bedfordshire Pension Fund, Bedford, England, hired Hymans Robertson as investment consultant, said Geoff Reader, head of pension fund and treasury management.
Hymans Robertson replaced Aon Hewitt, whose contract with the £1.25 billion ($2.02 billion) fund expired last year. Hymans Robertson is now conducting an asset-liability study expected to be completed later this year.
As of the latest annual report March 31, 2010, the fund had 41% in equities; 22.5% in a passive multiasset strategy, 11.5% in bonds and 8.5% in real estate. The remainder was allocated to cash and other investments, including alternatives such as global tactical asset allocation and commodities strategies.
