UK - Henderson Global Investors has bagged a new £225m UK equities enhanced index mandate from the £20bn Universities Superannuation Scheme.
Merrill Lynch Investment Managers was awarded a similar mandate at the end of August. The £450m allocated to the strategy is divided equally between the two managers.
The Liverpool-based scheme now allocates about £4.5bn of its assets passively.
Enhanced indexing is a generally considered to be a low risk strategy and aims to bolster returns by overweighting particular stocks or sector in an attempt to outperform the remaining securities.
By Madhu Kalia
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
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The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.