UK - State Street Global Advisors (SSgA) has been appointed by Reckitt Benckiser UK Pension Fund to manage a £50 million UK enhanced indexing equity mandate.
Kevin O’Berg, pensions manager at Reckitt Benckiser said: “We selected SSgA to manage this enhanced mandate for our pension fund because of their expertise and track record in this area. Effective risk control was a key factor in the decision.”
Kanesh Lakhani (pictured), head of European marketing and consultant relations at SSgA added: “We are delighted to welcome Reckitt Benckiser as a new client. Enhanced indexation has become a very popular investment strategy in recent years. The prospect of adding modest amounts of value under differing market conditions is finding favour with long-term investors. The delivery of higher information ratios by enhanced managers is highly valued as more attention is paid to the efficient use of risk budgets.”
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