The E6.5bn Nordrheinische Ärzteversorgung doctors’ pension fund in the German state of North-Rhine Westphalia, has appointed Wellington Capital Management, Putnam Investments, JP Morgan Fleming and Lloyd George Management to run mandates worth E50m each.
Wellington will manage a core US equity portfolio, Putnam, a small to mid-cap US brief, whilst JP Morgan Fleming and Lloyd Gorge will each run Far Eastern (ex-Japan) equity mandates.