DENMARK - F&C has confirmed it has lost a e174m emerging market equity mandate with the e48.4bn Danish pension fund ATP.
No one from the fund was available for comment at the time of publication.
Meanwhile, ATP has announced a e60m commitment in the UBS Euro Value Added Real Estate Fund (UBS EVA).
The UBS EVA fund focuses its investments on office properties in the big Euro countries - namely France Germany, Spain, Italy, Netherlands and Belgium.
In addition, ATP has made a supplementary investment of £20m in the Lionbrook fund, which operates exclusively in the UK.
In a statement , ATP said: “The investment was made in light of Lionbrook’s recent purchase of a total portfolio of 14 properties, which is anticipated to boost the return of the fund and increase the diversification.”
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.