The Superannuation Arrangements of the University of London (SAUL) has hired Payden & Rygel (P&R) to run its £80m absolute return bond mandate as it continues to diversify away from equities.
The £1.9bn scheme will invest in sub-investment grade credit assets such as high yield, emerging markets and mortgage- and other asset-backed securities. SAUL said P&R's appointment, as well as ...
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