Frank Russell has been appointed by the £220m Smith & Nephew UK Pension Fund to run more than half the entire fund.
The Smith & Nephew mandate is Russell's 11th new pan-European win this year. Russell will run £120m through its multi-manager funds for Smith & Nephew, in addition to providing investment consulting services to the fund.
Additionally, Frank Russell Securities has also been appointed to provide transition management services for the fund. Smith & Nephew was unavailable to to provide any further details.
Smith & Nephew is a global medical device company employing 10,000 people, with operations in 35 countries. The company product lines include orthopaedics, endoscopy, advanced wound management and rehabilitation devices.
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