Dumfries hires SSgA and L&G

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UK - The £375m Dumfries & Galloway local authority pension fund has awarded passive equities mandates together worth £240m, previously managed by Deutsche Asset Management, to State Street Global Advisors (SSgA) and Legal & General.

The appointments were made on the back of an interim review prompted by the fund’s decision to revise its single balanced manager mandate held by Deutsche Asset Management, now Aberdeen Asset Manag...

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