Associated British Foods DC Pension Scheme, London, is adding Invesco Perpetual’s Global Targeted Returns Fund to the lineup of its defined contribution plan, an announcement on the plan’s website shows.
The Invesco Perpetual multiasset fund will replace the PIMCO Global Multi-Asset Fund, which is being removed this month because of “changes at the fund manager,” according to the announcement. William H. Gross, co-founder and chief investment officer of Pacific Investment Management Co., resigned Sept. 26.
Colin Hatley, group pension director at ABF, could not be reached for additional information by press time. The plan had £150 million ($235.5 million) in assets, according to the latest National Association of Pension Funds 2013-’14 yearbook.
