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Secondaries and funds of funds are proving the most popular strategy choices for the nation's corporate pension funds, according to a survey by JPMorgan Asset Management.

The $180bn pension manager, which is currently underweight to secondaries, has dropped its target for the strategy from 12.5%.

The secondaries firm acquired the two stakes from German foundation Max Planck and Royal London Mutual Insurance Society.

Origami Opportunities Fund III's strategy includes direct secondaries and restructurings deals and will focus on North America and Europe.

After the UK's vote to leave the EU, the fund of funds manager said it planned to keep its EMEA hub in the city.

The advisory firm and fund of funds manager will be combined with LP Capital Advisors and rebranded as Pavilion Alternatives Group.

The asset manager will seek up to €300m to invest in deals which often include tax, regulatory or structural complexity.

Listed funds of funds managed by HarbourVest Partners and SL Capital Partners were among vehicles that had drops in their share price after the UK's referendum result on Thursday.

The firm has built a team that will look beyond conventional private equity, as it finally moves on from its lost investment in EMI, says vice-chairman Justin King.

The advisory firm expects other European countries to announce EU referendum votes, leading to further sales of private equity holdings.