BAM sweeps £60m from UK supermarket fund

UK – Supermarket chain Somerfield’s £300m pension scheme has appointed Baring Asset Management as manager to a £60m UK fixed income portfolio.

The brief will be benchmarked against a composite of conventional and index-linked gilts.

The objective for the mandate is to outperform the benchmark by 0.75% per annum, with a discretion within its guidelines to invest in overseas and corporate bonds.

The Somerfield Pension Scheme was advised by consultants Bacon & Woodrow.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2467

    Asset class: Search for a broker (mainly ETFs).
    Asset region: Global.
    Size: 250m.
    Closing date: 2018-08-28.

  • DS-2468

    Closing date: 2018-08-24.

Begin Your Search Here