THE NETHERLANDS / UK - Gartmore has secured a e225m European equities mandate from a major Dutch pension scheme.
The pan-European Equities large-cap mandate, which will be managed by Stephen Jones and Gary Clarke, was funded on 15 March 2004.
This latest mandate, brings Gartmore's recent European equitiesinstitutional mandate wins to over e850m.
The recent European equities mandates offer further evidence that Gartmore is back in contention in the European institutional marketplace; and of the company's successful transition to a specialist investment manager, said Charles Beazley, head of institutional and alternative investments, Gartmore.
Gartmore's euro equities concentrated aggressive alpha strategy posted sterling returns of 44.79% for the last 12 months relative to the benchmark index of 33.78%.
Similarly, the broader pan-European portfolio has beaten this index by 7.06%, in euro terms, while its recently launched European equities long/short directional strategy AlphaGen Velas has posted a 14.9%3 return in euro terms since inception in May 2003.
Gartmore's US$1.6bn large-cap European long/short equity fundAlphaGen Capella is up 146% in euro terms since its launch in November 1999.
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Welplan Pensions has triggered its exit from the master trust market, with just a few days to go until The Pensions Regulator's (TPR) application deadline.