Henkel hires BlackRock to run €2bn fiduciary mandate

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Henkel International - the Sellotape and Pritt Stick manufacturer - has appointed BlackRock to manage €2bn (£1.7bn) of assets across five of its pension funds on a fiduciary basis.

The investment management firm claims the appointment marks the first time that the entire asset management of a multinational company's defined benefit assets have been outsourced to an external m...

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