UK/NETHERLANDS - Ashmore Investment Management has won a £54.8m emerging market bonds mandate from Blue Sky.
Blue Sky, which manages all of Dutch airline KLM’s pension assets, including the £85m KLM UK Pension Scheme, said Ashmore was chosen on the strength of its track record.
Blue Sky fixed income and currencies fund manager Gerben Wanningen said the firm was its first active emerging market bonds appointment.
Ashmore managing director Mark Coombs said: “This latest mandate win for Ashmore further emphasises the value institutional investors are placing on active management in emerging debt.”
He added: “Our ability to generate gross excess returns of over 10%per annum for our institutional clients since our launch in 1992 is attracting a number of new clients.”
Blue Sky began life as KLM’s pensions administration department, but became an independent company in 1999.
The company offers schemes both administration and fund management services, via its manager-of-manager’s products.
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