BAT scheme hires SWIP to run bond mandate

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UK - The £1.1bn British American Tobacco UK Pension Fund has selected Scottish Widows Investment Partnership to manage a £165m bond mandate.

SWIP – the asset management arm of Lloyds TSB – will manage the portfolio, which contains corporate bonds, UK gilts and overseas bonds. BAT, which was advised by Mercer Investment Consulting, un...

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