Avon Pension Fund appoints Loomis Sayles to run credit mandate

Michael Klimes
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Avon Pension Fund has awarded Loomis Sayles its first multi-asset credit mandate worth £485m
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Avon Pension Fund has awarded Loomis Sayles its first multi-asset credit mandate worth £485m

The Avon Pension Fund has appointed Loomis Sayles to run its first multi-asset credit mandate worth £485m after an open tender.

The asset manager, which is an affiliate of Natixis Investment Managers, beat three other short-listed managers for the mandate, which accounts for 11% of the local authority scheme's £4.4.bn assets under...

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