State Street Global Advisors (SSgA) has been awarded a €82 million fixed income mandate by Italy’s BNL/BNP Paribas Employees’ Pension Fund, Global Pensions reports. The State Street Corp. subsidiary will manage 50 percent of the fixed income portfolio against the JPM Global GBI EMU IG and the remaining half against the Barclays Capital Inflation Linked Global Bond Euro index.
Meanwhile, the Cariplo Pension Fund renewed a €51.67 million European equity mandate given to SSgA. The European quantitative active equity portfolio is managed using the MSCI EMU benchmark.
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