New German fund outsourcing EUR5bn

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GERMANY - A new pension scheme for metal and electronic industry employees is has selected nine money managers to bid for assets of up to EUR5bn.

The new Altersversorgung Metall und Elektro (AME) plan - a joint venture between the Gesamtmetall employers association and the IGMetall union - could have assets of between EUR3bn-5bn, covering ab...

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