Schroders will try to fight back into the institutional market this month with a fund which allows small pension schemes to replicate the investment strategies of giant final salary schemes, according to the Times .
The fund manager, which last month lost Strathclyde Pension Fund, one of its biggest clients, has made a number of appointments to strengthen its institutional team. Schroders suffered net institutional outflows of £4.6bn in the first half of 2006 and a net outflow of £1.8bn in the third quarter. It is also thought to have lost part of the mandate to run a portion of the BBC’s £8bn pension fund, says the paper. The new product will be called the Schroders Diversified Global Equity Fund and it will allow institutional clients to invest in a core portfolio of UK and international stocks a...
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