Telecoms company BT Group Plc’s pension scheme is switching about a third of its UK equity holdings, or about 3 billion pounds, into alternative assets, the Financial Times said on Saturday. The FT said BT’s pension scheme, the UK’s largest retirement fund, was switching funds into assets such as hedge funds and private equity in a "radical move for the fund that has long set investment trends for industry".
BT pension fund switching out of equities | Business |