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UK railway pension fund cutting costs by using in-house fund managers

Thursday, May 4, 2017 - 05:50

London

BRITAIN'S US$32 billion railway pension scheme has halved the cost of running its biggest asset pool by moving investments in-house.

RPMI RailPen, which oversees the retirement assets of 350,000 British railway workers, pulled billions of pounds from hedge funds and other

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