Fidelity has topped International Pensions News exclusive ranking of worldwide pension fund mandates won and lost, with a net amount won of US$4.6bn. Fidelity comes top out of nearly 200 fund managers that have either won or lost mandates in the first four months of 2001.
Fidelity has won just over US$5bn in mandates and lost US$426m, resulting in the net figure of US$4.6bn. Fidelity won two UK pension fund global equity mandates totalling £105m and pinched a Baring Asset Management Japanese equity mandate worth £20m from Clwyd Pension Fund (Flintshire). The Dutch fund, Stichting Pensioenfonds Ahold, awarded the manager a EUR30m Pacific-basin equities mandate in February, and last month Fidelity captured a HK$500m HSBC/Schroders global growth equity mandate from Hong Kong Chinese University’s pension plan. But it was the US, where Fidelity won a US$2.9bn mandate from the Dow Chemical Co Retirement Plan, that had the most influence in helping it to top of the global ranking.
Legal & General Investment Management came second with a net total of US$3.3bn and Capital Group (including Capital International) was third with a net gain of US$2.3bn
Schroder Investment Management came second bottom with a net loss of US$759m and Prudential Portfolio Managers, which transferred its UK segregated and balanced business to Deutsche in March last year, came last with a total loss of US$3.7bn.
By Scott Anderson
For full details simply click on the MANDATES section of International Pensions News. Interpens will update all of the mandate tables at the start of every month and the up for tender tables on a weekly basis.