UK - AXA Rosenberg Investment Management (Europe), the specialist quantitative manager, has won its first pan-European mandate from a UK pension fund.
The Ciba Specialty Chemicals (UK) pension scheme chose AXA Rosenberg for its £44m mandate, following an investment review handled by William M Mercer investment consultants. Jackie Broughton, UK pensions manager at Ciba, said: “AXA Rosenberg has been appointed to manage this portfolio to complement our current investment structure. The trustees were impressed with AXA Rosenberg's process and look forward to a fruitful relationship.”
Jennie Paterson, CEO, AXA Rosenberg (Europe) said; “We are very proud to have Ciba Specialty Chemicals join our list of UK pension funds. Although we have been very successful in attracting pan-European equity mandates from European-based funds, this is the first UK pension fund to give us a pan-European mandate, as opposed to a Europe ex-UK mandate.”
AXA Rosenberg’s pan-European investment strategy – known as Europe broad market – is one of a range of major market equity investment strategies available to pension funds. Investment can be undertaken as a segregated portfolio, or as part of AXA Rosenberg’s range of investment funds.
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