UK - Bath and North East Somerset Council's pension fund has removed nearly £1bn in mandates from Gartmore and Merrill Lynch Investment Managers (MLIM), and has redistributed the money among three new and one existing managers.
The £1.48bn Bath and North East Somerset Council Avon Pension Fund has terminated MLIM’s approximately £500m active balanced mandate and Gartmore’s £500m balanced brief, following a restructuring a...
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