UK - The combined Alliance & Leicester Pension Schemes has launched a manager review of Capital International because of underperformance, according to MandateWire.
Robert Tyrell, pension fund manager at Alliance & Leicester Pension Schemes, told MandateWire: "[Capital International's] performance hasn't been good. It's well known that on and off for the last four or three years their performance has been bad.
"We've not made a decision quite clearly to be with them or not. At the moment Capital's the one we're looking at because they're our last active-only equity manager."
Matt Johnson from Watson Wyatt's Leeds office is the adviser to the Alliance & Leicester Pension Schemes.
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