US - Fidelity Investments was one of three managers dropped by the Chicago Public School Teachers' Pension and Retirement Fund as the portfolio moved towards a heavier index weighting.
In the shake up Fidelity and Waddle & Reed Asset Management group lost US$328m and $322m in US active large cap mandates while Smith Graham lost a $70m fixed income portfolio. The redeemed $720m...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
