CIS selects three specialist managers for £1bn mandates

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GLOBAL - Co-operative Insurance Society (CIS) has appointed three specialist fund managers for its £1bn overseas Life and Pensions portfolio, following a review of its investment management functions.

Goldman Sachs Asset Management (GSAM) has been selected to manage CIS’s £336m US equity portfolio, while UBS has been contracted to oversee both a £197m Asia Pacific ex Japan and £337m Europe ex UK...

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