The British government launched on Monday a club of 20 of the country’s largest pension funds to try to drum up coordinated backing for local infrastructure, as major pension funds pledged 2.6 billion pounds ($3.5 billion) to UK assets.
The ‘Sterling 20’ initiative includes money managers Legal & General (LGEN.L), Aviva (AV.L) and M&G (MNG.L), as well as Britain’s biggest private pension scheme, the Universities Superannuation Scheme.
Britain has pursued
