Standard Life Investments today announces it will run a £140m fixed income portfolio for the Pensions Trust.
The firm already manages UK corporate bonds for the Trust and the deal takes its aggregate bond portfolio to £300m. Corporate bonds investment director Craig MacDonald will be the portfolio manager responsible for the account, which will aim to outperform the iBoxx Sterling Overall Index. Stephen Nichols, chief executive of The Pensions Trust, says: “Following a review of its fixed income portfolio, The Pensions Trust has decided to extend Standard Life Investments’ mandate to include gilts alongside corporate bonds. “We are satisfied that this manager has the right combination of ski...
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