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Cheshire appoints three managers to run £320m bond mandates
THE 2.4bn Cheshire Pension Fund has hired three fund managers to run an active bond mandate worth around £320m.
It said it had hired Goldman Sachs Asset Management and Henderson Global Investors to run mandates worth £127.5m each and Baillie Gifford to run a £64m brief.
The scheme said the mandates would have an outperformance target of between one and two percentage points above the appropriate benchmarks.
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