{"id":4384,"date":"2006-05-08T00:00:00","date_gmt":"2006-05-08T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hermes-proposes-changes-for-bt-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2006\/hermes-proposes-changes-for-bt-fund.html","title":{"rendered":"Hermes proposes changes for BT fund"},"content":{"rendered":"<p>  Financial Times &#8211; Hermes, the asset manager of the BT pension scheme, is proposing a radical investment switch that could dramatically reduce the exposure of the UK\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s largest pension fund to the UK  stock market in favour of overseas stocks and alternatives such as commodities and hedge funds.<\/p>\n<p>  Mark Anson, in his first interview as chief executive of Hermes and primary adviser to the BT pension scheme, owner of Hermes, said he had proposed a new asset allocation for the BT retirement  scheme, which has about \u00c3\u201a\u00c2\u00a334bn ($63bn) in assets.<\/p>\n<p>  The switch would be part of a programme to help reduce the risk that BT\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s pension scheme could not meet its promises to employees and pensioners.<\/p>\n<p>  <a href=\"http:\/\/news.ft.com\/cms\/s\/ba93f844-dde2-11da-af29-0000779e2340.html\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Times &#8211; Hermes, the asset manager of the BT pension scheme, is proposing a radical investment switch that could dramatically reduce the exposure of the UK\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s largest pension fund to the UK stock market in favour of overseas stocks [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4384","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4384"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4384\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}