UK - Pharmaceuticals and chemicals company Akzo Nobel has dumped Schroder Investment Management from a £750m balanced mandate and increased its exposure to bonds, to be run by Henderson Global Investors. It has also appointed Capital International and Barclays Global Investors (BGI).
Deutsche Asset Management was reappointed to a UK equities brief - money it previously ran on a balanced basis. Deutsche and Schroders previously acted as the two joint managers for the £1.5bn pens...
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