Jacobs Levy Equity Management has been hired by Frank Russell Company for an assignment in its multi-style, multi-manager US Small Cap Equity Fund.
Jacobs Levy joins five other managers in this fund, which is available to Continental European investors, and the firm now has four small cap assignments in Russell's manager-of-managers complex.
“As a sophisticated quantitative manager, Jacobs Levy uses its deep research resources and strong professional staff to exploit investor behaviours that lead to securities mispricings,” said Erik Ogard, portfolio manager. “We believe their highly regarded stock-picking skills will benefit our portfolios and may help investors reach their goals amid unpredictable market conditions.”
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The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).