UK - The Gotaas-Larsen UK Pension Scheme has appointed Northern Trust Global Investments to run a £3.5m manager-of-managers mandate.
The mandate will be invested according to a scheme-specific asset allocation across a range of NTGI’s pooled MoM funds.
Gotaas-Larsen, which is sponsored by liquified natural gas shipping giant Golar, said the appointment was the first time any scheme within the group had adopted the MoM approach.
Gotaas-Larsen trustee Graeme McDonald said: “We decided to adopt a manager-of-managers investment strategy because it allowed us to access true specialist management across all asset classes through one investment house.
“We believe that Northern Trust’s MoM approach will help us manage risk whilst simultaneously creating opportunities for outperformance in this part of our pension fund portfolio.”
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