EXCLUSIVE: AHV appoints to US small-caps

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SWITZERLAND - AHV, the CHF20bn Swiss social security fund, has hired four managers to run a new US small-caps portfolio.

MacKay Shields, Wellington Management, Fiduciary Trust, and TCW have all bagged a slice of the CHF650m brief. This amounts to just over US$100m per mandate, said head of Geneva-based fund Dominique...

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