UK – West Dorset District Council has awarded a £38m (€62m) fixed income and cash mandate to Cazenove Fund Management. The appointment will take effect from May and the mandate represents a fund that is part of the council’s liquid assets.

A spokesman for the fund says the mandate is not part of the council’s pensions assets and is a one-off appointment. West Dorset selected Cazenove because of its treasury management experience, its long-term performance record and its ability to tailor its services to West Dorset’s needs.