State Street Global Advisors (SSgA) has been appointed by Lærernes Pension to manage its U.S. investment-grade bond portfolio, Global Pensions reports. The new advisor will run the $271 million portfolio with an environmental, social and governance screen.
SSgA, which has $469 billion in fixed income under management, is replacing the previous manager that was terminated by the fund. The pension fund for Danish teachers did not disclose the name of its terminated manager.
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