UK - The £293bn (e430bn) Northern Trust Global Investments has been chosen by the trustees of the YMCA Pension and Life Assurance Plan to run a £26m equity and fixed income brief on a manager-of-managers basis.
The portfolios represent more than 85% of the fund.
NTGI director of UK business Amit Popat said: “Being awarded this brief demonstrates that NTGI’s approach to manager research and monitoring, combined with our attention to our clients’ investment requirements, is a winning formula.”
Head of NTGI’s European manager-of-managers business Tony Earnshaw (pictured) added: “This is another great win for us – we are delighted to have been appointed by the YMCA.
“It is also further evidence, should any be needed, that the manager-of-managers approach is amongst UK pension schemes of all sizes and with a range of investment objectives.”
Northern Trust is a global, multi-asset class investment manager with institutional clients worldwide.
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