Pension fund for chemicals group Octel UK is on the verge of appointing replacement managers following the dumping of investment house Phillips & Drew (P&D) from a £300m active balanced mandate earlier this year.
It is believed that the £508m fund for the UK branch of the Octel Corporation has given the running of P&D’s assets to Legal & General - which already handles 40% - until a new a manager is in plac...
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