UK - Gartmore Investment Management has won cash mandates worth a combined £25m from Warwickshire County Council and seven other local authorities in the first quarter.
The mandates come after the firm’s Cash Reserve Fund – which posted an annual return of 4% – won the Institutional Money Market Fund Association’s Sterling Money Fund Report Award for 2002.
Investors, driven by depressed interest rates, slower global economic growth and rich equity market valuations are examining non-traditional investment opportunities.
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up