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.”
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