PMI dishes out EUR2.4bn mandates

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EUROPE - State Street, Merrill Lynch and The Vanguard Group have been appointed to mandates worth a combined EUR2.4bn by PMI-SVM, the Dutch pension fund for metal industry workers.

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, was awarded a segregated US equities mandate by PMI, representing approximately EUR1.25bn and a poole...

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