THE London Borough of Hammersmith & Fulham Superannuation Fund has selected Baring Asset Managemnent and Ruffer to run dynamic asset allocation briefs worth £120m.
The scheme said Baring Asset Management would be responsible for a mandate worth £90m and Ruffer would invest the remaining £30m.
It said the fund managers would be in place by August 1, 2008.
The appointment follows a successful search conducted by bfinance, which considered over 50 expressions of interest from fund managers worldwide.
bfinance managing director of research and development Olivier Cassin said: "This is part of a general trend towards increased exposure to alternative asset classes as our clients look to diversify sources of return and protect capital through weak market cycles."
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