Royal Borough of Kensington and Chelsea Pension Fund has appointed Longview Partners to manage around $161 million in active global equity, Pensions & Investments reports. The retirement system has also rehired Baillie Gifford to handle the same amount in a same strategy. The funding came from terminating AllianceBernstein from an active global equity mandate. The pension scheme has also appointed Pyrford International and Barings Asset Management as multiasset absolute-return managers.
Click here for the story from Pensions & Investments.
Click here for additional coverage from IPE.