Railpen, the UK pension scheme that oversees $32bn on behalf of 500,000 members, has made three new hires to its in-house investment team.

Sweta Chattopadhyay has joined the private markets unit of the pension scheme for UK railworkers, whilst Matthias Eifert and Tony Guida will focus on equity investments.

Chattopadhyay joins the business as a senior investment manager from Adveq, a global alternative investment firm. Previously she worked at the Universities Superannuation Scheme and ABN AMRO.

Matthias arrives from Macquarie Securities as an investment manager and will focus on fundamental equity analysis with a responsibility for managing concentrated equity portfolios.

Tony has joined the alternative risk premia team at Railpen as an investment manager. He worked most recently at the EDHEC Risk Institute, prior to which he was at Unigestion.

“We are intent on delivering more value to our members by selectively increasing internal resources to manage and control more of the investment portfolios internally where it is efficient to do so,” said Ciarán Barr, investment director.