Document by London CIV warns Camden local authority in London against pouring cash into UK infrastructureA Labour-controlled council has been advised to invest some of its £250m in pension assets overseas because of the “political risk” of a Labour election victory and “renationalisation” by a Corbyn-led government.
A Camden council document posted online final week summarises the advice given by London CIV, a £5.6bn fund management group set up by local authorities to manage the pension funds of London councils. Continue reading...
Source: guardian.co.uk