Big UK mandate for Man
Man Investments has been awarded a key mandate by one of the United Kingdom’s largest pension funds — the Universities Superannuation Scheme.
Man announced the winning of the US$1 billion managed account mandate this week with its Australian institutional team spokesman, Kit Cherry, claiming it highlighted the attractiveness of Man’s well-established managed accounts platform.
Under the mandate, the pension fund will start allocating funds in the first half of this year with the arrangement lasting a minimum of three years.
The mandate sees Man provide advisory services with respect to operational due diligence, manager take-on and risk management oversight, while the University Superannuation Scheme will have sole responsibility for manager selection and portfolio construction.
AUTHOR
Mike Taylor
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