Chiswell Associates has won a £34m multi asset mandate from the UK's Chartered Accountants Superannuation Scheme.
Chiswell's multi asset mandate, which will operate to its own specific benchmark, also includes a dedicated bond portfolio. David Kidd and Nick Benstead-Smith, Chiswell’s chief investment officer and head of UK equities respectively, will be responsible for the account.
Currently, Chiswell has approximately £1.9bn in assets under management. Primarily known as a fund manager in the charities sector, Chiswell last year announced that its was to expand into pension fund management. As part of the expansion drive, John Clamp, the former chief executive of CAPS was recruited by Chiswell.
The Chartered Accountants Superannuation Scheme is an industry wide scheme provided by accountants for their employees. The fund closed to new members in 1978.
By Geoffrey Ho
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