UK - Barclays Global Investors (BGI) has been awarded a commodities mandate worth around £25m by the Ernst & Young Retirement Benefit Plan, which is in the final stage of its investment strategy shake up.
The move came from a decision made in summer 2006 to diversify the £600m fund’s portfolio from its 80% equities/20% bond holding. Tim Carney, pensions manager, Ernst & Young, clarified: “This ne...
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