Alcatel-Lucent hires TOBAM for anti-benchmark approach

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NETHERLANDS - Stichting Alcatel-Lucent Pensioenfonds has invested €25m ($36m) in an anti-benchmark world equity strategy run by French asset manager TOBAM, reducing BlackRock's global equity mandate by half.

The anti-benchmark strategy re-weights securities within an existing index in a way that achieves the most diversified portfolio possible and is meant to reduce volatility while adding marginal ret...

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