Pension fund to invest in alternative investments * First time UK pension fund is endowed with PFI LONDON, Nov 26 (Reuters) - British maintenance firm Interserve (IRV.L) is transferring 61.5 million pounds' ($102.6 million) worth of public finance initiative investments into its pension scheme to cut about a quarter of its deficit. Join discussion...

Proposals for local government pension schemes to club together and invest in private finance initiative (PFI) schemes have been discussed by the Local Government Association. Under the plans would see council pension funds pour both debt and/or equity into PFI schools programmes to produce “a more liquid, efficient and competitive PFI investment market”. Join discussion...

CalPERS, CalSTRS and the $63.2 billion New Jersey Division of Investment, Trenton, are part of the U.S. group, which has been discussing such projects since earlier this year (Pensions & Investments, April 20). More recent members include Borealis Infrastructure Management, a unit of the C$43 billion (US$39.9 billion) Ontario Municipal Employees Retirement System; the C$87.4 billion Ontario Teachers' Pension Plan and the C$108.9 billion Canada Pension Plan. Join discussion...