UK - The £650m Building & Civil Engineering Benefits Scheme (B&CE) has appointed Barclays Global Investors (BGI) to passively manage £150m worth of assets. The additional assets, which will be invested in equities and bonds, builds on BGI's earlier wins at the firm including B&CE's EasyBuild stakeholder mandate awarded in April 2001, and a £90m UK equity brief won in April 2000.
This latest award follows a major asset reshuffle at the fund which saw the B&CE Benefits Scheme move from a CAPS- to a scheme specific benchmark. The move resulted in the equal distribution of the...
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