Torfaen uses online b2b firm to lure tenders

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UK - The £736m Torfaen County Borough Council (Greater Gwent) Pension Fund has used online b2b company bfinance to attract tenders for mandates worth £490m.

Sixty asset managers – nearly twice the typical offline response – had submitted offers on four mandates. The fund is looking for managers to run £260m of UK equities, £80m of European equities...

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