UK - Investec Asset Management has been appointed manager of a £140mn UK gilts and sterling corporate bonds mandate for Polestar Group.
Investec has been instructed to manage the UK gilts and corporate bonds mandate with an outperformance target of 0.75% over a rolling three year period against the FTSE A Over 15 years Gilts and iBoxx sterling non-gilt 15 year plus indices.
Catherine Hearn, chairman of the trustees at Polestar said: “We appointed Investec because of its consistent track record and rigorous investment process. We are confident that its specialist investment team will deliver good returns for our pension fund.”
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