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.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers