UK - The £17.2bn Royal Mail Pension Fund has dropped Deutsche Asset Management and hired Edinburgh boutique Walter Scott & Partners and Alliance Bernstein as part of a manager re-shuffle.
In a bid to reduce its £6.3bn funding deficit, the fund has also added a new asset class to its portfolio - global unconstrained equities. According to the fund’s annual accounts report 2004-200...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders