Thales UK scheme appoints Cardano as investment adviser

Thales trustee secretary Philip Cameron said the scheme is aiming to be upper quartile in terms of investment governance and performance.

He said: "To do this we need a pro-active investment adviser who can bring us good ideas and help us to implement them in a timely way. Cardano were able to provide support to the trustee in these key areas."

Cardano Thales client manager Phil Page said "We are delighted to have been appointed by Thales, following a very thorough selection process. They already invest in hedge funds and swaps and have demonstrated a willingness to look at the full range of investments and risk management tools. This fits in well with our solvency management approach."