UK - Mellon Transition Management Services (MTMS) group has completed a transition management mandate for the North Yorkshire Country Council Pension Fund's £680m global equity portfolio, which threw out its customised benchmark in the process.
The transition saw all three managers, Baillie Gifford, Barclays Global Investors and Standard Life, retain their foothold. "No manager lost any business, but we did change what they do to move ...
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