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They pay £500 for new drivers and people still think it will be banned :lol:

 just 2 facts:

1-London – June 11, 2015 – TfL Pension Fund ('The Fund') has appointed BlackRock to manage liability-driven investing (LDI) and passive equity portfolios totaling £3.8bn assets.



2-By rum coincidence, Blackrock invested a reported £124 million in Uber in 2014, giving it a stake which is now worth nearly £500 million

Read more: http://www.dailymail.co.uk/news/article-4347676/David-Cameron-s-chum-ocracy-links-Uber-bosses.html#ixzz4qCCGSecT 

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London  June 11, 2015 – TfL Pension Fund ('The Fund') has appointed BlackRock to manage liability-driven investing (LDI) and passive equity portfolios totaling £3.8bn assets.

The £1.6bn LDI mandate will include measures to protect the Fund from market uncertainties, including inflation as well as interest rate and equity volatility, whist having measured exposure to risk to achieve excess positive returns. The Fund's £2.2bn passive equity exposure will include investments across a range of index funds. The primary objective is for the Fund to hold sufficient assets to meet its member liabilities.

This new mandate follows an initial £100m commitment made by the Fund into the BlackRock Renewable Income in March 2014 - a UK-focused fund that invests in onshore wind, offshore wind and solar projects - which is part of a strategy to introduce new asset classes into the Fund's alternatives portfolio.

Stephen Field, Fund Secretary of TfL Pension Fund, said: "We have a duty to our Fund members to ensure we employ the best investment solutions and consider all possible market risks and opportunities. BlackRock is a key partner, helping us to navigate changing market conditions to deliver the outcomes we require for our members."

Andy Tunningley, Head of UK Strategic Institutional Clients at BlackRock said: "These are demanding times for pension funds and we believe the varied risks they face are best managed by understanding the true drivers of the underlying asset classes. We look forward to bringing together the best of BlackRock's investment and risk management platform to deliver the best outcomes for the Fund members."

The Fund has over 82,000 members with assets of £7.3bn as at March 31 2014, across multi-asset index strategies, enhanced index funds, bonds, global equities and alternatives.


About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At March 31, 2015, BlackRock’s AUM was $4.774 trillion. Headquartered in New York City, as of March 31, 2015, the firm had approximately 12,300 employees in more than 30 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company’s website at www.blackrock.com

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