Richard Savage talks pooling pension assets, getting to know companies intimately and the wisdom of Warren Buffet
The UK is consolidating the pension funds of its local authorities, creating larger pots of capital. One example is Local Pensions Partnership (LPP), formed in April by pooling the assets of the London Pensions Fund Authority (LPFA) and Lancashire County Pension Fund (LCPF). LPP will continue to implement the long-term, large-cap focused approach of its predecessor funds, though it will have more money to play with.Richard Savage joined the LPFA in 2013. Prior to this he worked in investment banking
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