UK - Philips UK Pension Fund has appointed State Street Global Advisors (SSgA) to manage a £370m passive equity mandate.
The pension fund mandate will be invested in SSgA’s pooled fund range (managed pension fund), which has assets of approximately £12bn.
Kanesh Lakhani, marketing director at SSgA said: “We are very pleased to have won the confidence of Philips. We look forward to working with them to achieve their long term objectives.”
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