UK - Schroders has lost equity briefs together worth £76m at the £850m Shropshire County Council Pension Fund to Baillie Gifford and Martin Currie Investment Management.
Head of finance (treasury and exchequer) Graham Chidlow said Baillie Gifford had been awarded a Japanese equities brief worth £42m, and Martin Currie a portfolio of pacific ex-Japan equities worth £34m, both originally managed by Schroders.
“We felt the time was right to review our investment arrangements in these areas and we re-tendered,” Chidlow told Global Pensions.
“We decided that going forward our needs are more appropriately met by Baillie Gifford and Martin Currie.”
Schroders declined to comment.
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