UK - State Street Global Advisors (SSgA) lost a £27.5m (US$55.4m) equity mandate in the shake up that saw Barings scoop £23m from United Norwest Co-operatives Employees' Pension Fund.
SSgA had managed its portion of the £281m (US$556.6m) pension fund until an asset allocation review, advised by HSBC earlier in the year. A source close to the pension fund explained SSgA did no...
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