Edmund Truell, a city financier, recommends a similar strategy of creating a handful of “pension superfunds”. He transformed the London Pension Fund Authority, which manages the pensions of about 50,000 current and former city employees, hooking it up with the Lancashire County Pension Fund to create a £10bn commonly managed scheme. He sold the portfolio of gilts, arguing that investing in housing and infrastructure were better long-term bets.
Disruptive Capital Director Edi Truell was quoted in The Telegraph on the topic of renewable energy as Britain faces an energy ‘crunch'. Advances in high voltage technology increase the validity of plans for underwater transmission of renewable energy from Iceland to the UK. Mr. Truell also announced the significant interest that the IceLink project has generated abroad, saying “Foreign investors are beating a path to our door from Singapore, the Middle East, and Canada. They can see a superb project with a 40-50 year return.”