UK - The Environment Agency has appointed Morley Fund Management and Robeco to manage £60m or about 5% each of its Active Pension Fund as part of its move from a balanced to specialist investment approach which has seen a total eight firms awarded £1bn in mandates.
In May the agency announced Legal & General, Henderson and Merrill Lynch had been replaced by six new managers - Hermes, Standard Life Investments, European Credit Management, Capital International...
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