He joined the BLI just before it made its first foray offshore, when in October it mandated and funded $100 million each to Alliance Capital and Pimco for global fixed-income benchmarked against the Lehman Global Aggregate Index and Alliance Bernstein and Wellington International Management for global equities using MSCI World.
In addition to seeking diversification, the BLI faces pressure to improve investment returns. Because of government-mandated benefits that...
¬ Haymarket Media Limited. All rights reserved.