FX Concepts have been appointed to run a specialist £150m (€162m) active currency programme for Hackney Council’s local government pension scheme.
A spokesperson said: “We are constantly looking for ways to improve our investments.
“The recent decision to diversify our asset base to include both global tactical asset allocation and currency overlay programmes came after the scheme’s last review in 2007. These are both new areas for us and we expect both to add significant value.”
FX Concepts are expected to make their first report to Hackney in June 2009.
(picture from Catsfather on Flickr)
