The Norfolk Pension Fund has hired several managers to run its numerous active global equity mandates, IPE reports. The overall size of the mandates is expected to be between the £100-400 million range.
Baillie Gifford, M&G Investments, Marathon Asset Management, Sarasin & Partners and Wellington Management International are the selected managers of the fund. The benchmarks for the mandates will be the FTSE All-World or MSCI All Countries World indices, with a performance target of outperforming by 2-4% per year.
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