UK - Shipping underwriter A. Bilborough has appointed Jagger & Associates as an investment adviser to its £13m pension scheme.
The scheme has also appointed Legal & General Investment Management to work alongside Standard Life Investments to manage its assets.
Jagger & Associates director Simon Jagger said the poor performance of the equities market and the scheme’s maturing profile moved Bilborough to take on a specialist investment adviser.
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The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
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