National Grid scheme hires Berenberg for £3.5bn currency hedging mandate

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Aerion Fund Management, the in-house fund manager for the National Grid UK pension scheme, has appointed Berenberg to manage a £3.5bn active currency overlay mandate.

The Hamburg bank will manage the underlying currency expose for the pension scheme's overseas investments. Aerion chief executive Paul Sharman said: "As one of the UK's largest and most innovat...

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