Man Group has won a managed account mandate for initially €1.2 billion from Bayerische Versorgungskammer (BVK), The Wall Street Journal reports. Man will offer services, including operational due diligence, manager take-on and risk management oversight to the German pension fund. BVK will start allocating funds over the course of 2011 and will gain access to Man’s managed account capabilities. The German scheme, which has over €50 billion in assets, will have sole discretion for manager selection and portfolio construction.
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