Legal & General Investment Management (LGIM) has won a multi asset equity/bond portfolio mandate from the London Borough of Sutton, IPE reports. The £120 million mandate will consist of a U.K. equity allocation, but will broaden to include global equities and bonds. The equities portfolio will track market cap-weighted indices. The mandate is being funded from terminating AllianceBernstein for performance of an active global equity portfolio, adds Pensions & Investments.

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