Government
<p>The Essex County Council pension fund has appointed IFM Investors and JP Morgan Asset Management to run a &pound;100m (&euro;116m) unlisted infrastructure mandate.</p> <p>The local government pension scheme (LGPS)&nbsp;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.&nbsp;</p> <p>The &pound;100m allocation represents 2% of the public pension fund&rsquo;s assets, based on the latest valuations.</p> <p>It received 22 bids for the mandate.</p>