UK - Schroders has lost approximately £100 or 30% of the assets previously managed on behalf of the £310m Pennon Group Pension Scheme after a portfolio restructure which saw it move away from its multi-asset manager model.
Prior to the restructure, advised by Hewitt Associates, the fund had two multi-asset managers - Schroders managing 30% and UBS 70% of the assets. Under the reshuffle, three new managers have bee...
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