<p>The Essex County Council pension fund has appointed IFM Investors and JP Morgan Asset Management to run a £100m (€116m) unlisted infrastructure mandate.</p>
<p>The local government pension scheme (LGPS) tendered the mandate in November, saying it would consider awarding the mandate to one or two managers and would look at open-ended and closed-ended funds that focused on UK, European or global assets. </p>
<p>The £100m allocation represents 2% of the public pension fund’s assets, based on the latest valuations.</p>
<p>It received 22 bids for the mandate.</p>