The £3.5bn (€5bn) pension scheme run by the UK's Lancashire County Council has decided to make its first foray into hedge funds, allocating £100m to the investment class.

A spokesman for Lancashire County Council said it has put out a tender seeking proposals from fund of hedge fund managers. It expects to have awarded and funded the mandates in about nine months time.

Lancashire to plough £100m into hedge funds

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Find out who is on the move in the City and beyond this week

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Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

GQG Launches Buyback After Stock Tumbles on Adani Probe

The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

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The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

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The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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