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Cardano Wins Pirelli Fiduciary Mandate

Tyre and cable manufacturer Pirelli has appointed Cardano as fiduciary manager.

Tyre and cable manufacturer Pirelli has appointed Cardano as fiduciary manager, Financial News reports. The Dutch-owned pension manager will run the U.K. pension schemes’ £600 million in assets.

Cardano will be responsible for keeping the fund solvent, hedging its liabilities and employing and sacking fund managers. Previously, the Pirelli funds took advice from Mercer.

Click here for the story from Financial News.

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