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The simple secret behind the UK’s best performing council pension fund

Banker driving Kensington and Chelsea’s stellar returns explains why he fears the chancellor’s ‘megafunds’
Quentin Marshall: ‘Is this money for discharging pension liability or is it a fund for government to spend’

Quentin Marshall, chair of Kensington and Chelsea’s £1.9bn pension scheme, has delivered the best performance of any UK local authority fund over the past decade by parking half of its assets in a global equity index tracker. 

Marshall, who has chaired the fund since 2014, said individual stock or fund selection hinders rather than helps drive returns and he avoids tactical decision making when his team meets to review its investments.

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