National Grid scheme enters 'long-term' LGIM partnership after selling £13bn in-house manager

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National Grid UK Pension Scheme has handed Legal and General Investment Management (LGIM) a mandate to manage £13bn of assets after selling its in-house manager to the firm.

The £17bn scheme announced it had entered into a "long-term strategic partnership" that will see LGIM run its fixed income, equity and liability driven investment portfolios. Under the deal, LGI...

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