UK - Legal & General, Henderson and Merrill Lynch have lost mandates worth £1.06bn with the Environment Agency after it revised its asset allocation for its Active Pension Fund from a balanced to specialist approach and appointed six new managers.
Legal & General managed £402m, Henderson £334m and Merrill Lynch £338m. The new managers are Hermes, Standard Life Investments, European Credit Management, Capital International, State Street Gl...
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