UK - The £904m Kodak Pension Plan has appointed Frank Russell to run a £40m global equity mandate.
Russell was awarded the mandate following a decision by the fund to restructure its equities portfolio.
Roger Whittaker, UK sales director at Russell, commented: We are delighted that Kodak has chosen Russell. Our multi-manager approach provides exposure to some of the world's best managers, based on Russell's unrivalled global manager research and monitoring capabilities.
By Geoffrey Ho
Here are key takeaways from our 2019 Asset Allocation Outlook on how we are positioning asset allocation portfolios in light of our outlook for the global economy and markets.
This week's top stories included a Freedom of Information request revealing more than 100,000 savers could face six-figure tax bills as a result of GMP equalisation.
The Pearson Pension Plan has entered into a £500m pensioner buy-in with Legal & General (L&G) in the insurer's first deal of 2019.