Fund managers bet on pool investments

All decisions on what assets the industry will be investing in will then be made at this level and approved by the players. [iStockphoto]

Pension and fund managers have resolved to form a consortium that would dictate what assets they will invest their clients' money into.

The resolve, whose strategy can be seen as a move to protect their turf, is meant to enrich their investment decisions by ensuring they have an impact on the economy.