UK - Telecommunications company, O2 has awarded Neptune Investment Management a mandate to manage £75m of its pension plan.
The contract included 12% of the plan’s £650m assets invested in unconstrained global equities.
Alistair Wilson, head of institutional business, Neptune, said: “This win recognises Neptune’s combined strengths of a unique global sector based investment process and the philosophy of backing our convictions in concentrated unconstrained portfolios.”
Neptune said O2 were drawn to its Global Equity Fund which has outperformed its category peers over the last five years.
Wilson added: “We believe that we will see further commitments from the institutional arena, particularly in the Global Equity space.”
The boutique company’s assets under management grew to £1.7bn in 2007.
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