UK - The pension scheme of Yorkshire Copper Tube has appointed SEI to a £32m global equity (excluding UK) mandate.
Yorkshire Copper Tube is advised by Deloitte and Touche.
Nigel Down (pictured), head of institutional client service at SEI said: “Manager-of-Manager is now a well established solution within the global investment management sector and is continuing to gain acceptance among pension funds as an alternative method of investing. We are very pleased to have been appointed by Yorkshire Copper and look forward to working with them.”
John Dodd at Yorkshire Copper Tube said: “We were impressed with SEI’s innovative approach to asset management and in particular to the depth of their research. We believe that outsourcing the management of our pension fund to a company with SEI’s expertise in portfolio construction and asset allocation will benefit our employees.”
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