Four other LGPS funds invested in loss-making Federated Hermes infrastructure strategy

US manager Federated Hermes has been taken to court by an LGPS fund after millions in infrastructure assets were wiped out. However, four other LGPS funds are also invested in the strategy, Room151 can reveal.

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Earlier this year, Scottish pension fund NESPF took the drastic step of suing one of its managers for breach of contract, amid what it

Four other LGPS funds invested in loss-making Federated Hermes infrastructure strategy

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