Kingfisher Pension Scheme trustees have awarded a £100m multi-alternatives mandate to LGT Capital Partners.

The investment manager is tasked to focus exclusively on alternative investments, including hedge funds, commodities, insurance-linked securities, property, private equity, among other alternative asset classes.

Dermot Courtier, Kingfisher Pension Scheme secretary, said: "After a thorough and in-depth manager selection process, the trustees decided that LGT Capital Partners' proposition offered the most appropriate solution, complementing the scheme's existing exposure and proving flexibility in terms of the asset allocation and level of risk, depending on the scheme's requirements as it continues on its secondary funding objective flight path."

LGT Capital Partners CEO Roberto Paganoni said: "We are delighted to be able to work with Kingfisher Pension Scheme on this mandate, which will provide their pension fund with an actively managed portfolio with nine alternative asset classes and access to best-in-class external managers.

"This segregated mandate gives Kingfisher Pension Scheme the flexibility to change the risk/return profile of their return-seeking assets at any point in time."

First published 19.06.2013

monique_simpson@wilmington.co.uk