UK/NETHERLANDS - Ashmore Investment Management has won a £54.8m emerging market bonds mandate from Blue Sky.
Blue Sky, which manages all of Dutch airline KLM’s pension assets, including the £85m KLM UK Pension Scheme, said Ashmore was chosen on the strength of its track record.
Blue Sky fixed income and currencies fund manager Gerben Wanningen said the firm was its first active emerging market bonds appointment.
Ashmore managing director Mark Coombs said: “This latest mandate win for Ashmore further emphasises the value institutional investors are placing on active management in emerging debt.”
He added: “Our ability to generate gross excess returns of over 10%per annum for our institutional clients since our launch in 1992 is attracting a number of new clients.”
Blue Sky began life as KLM’s pensions administration department, but became an independent company in 1999.
The company offers schemes both administration and fund management services, via its manager-of-manager’s products.
The Pensions Regulator (TPR) has seconded staff from other national watchdogs as it rolls out the master trust authorisation and supervision regime, Lesley Titcomb has revealed.
The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have outlined plans to better understand the consumer pensions journey as they launch their joint strategy.
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.