Pension funds turning to multi-asset target return strategies

Baring Asset Management has won more than £500 million in assets from UK pension funds for multi-asset targeted return portfolios so far in 2007. The firm says that UK pension schemes are increasingly recognising the benefits of multi-asset targeted return strategies seeking equity-like returns with less than equity risk. Habitat Pension Scheme recently awarded Barings £6 million to invest in its dynamic asset allocation fund.