UK - The £265m Royal Borough of Kensington & Chelsea Superannuation Fund is set to review its investment managers later next year.
The move will follow the hiring of a yet to be appointed new director of finance at the London-based fund in March, replacing Derek Reeve.
At present the entire local authority fund is split equally between Henderson Global Investors and Baillie Gifford, which both hold balanced mandates. According to a spokeswoman for the fund, both investment managers come to the end of their contracts in 2002, meaning that a review is likely next September.
The fund is advised by Hymans Robertson.
By Madhu Kalia
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