HAMMERSON GIVES E44M TO SFIM
Singer & Friedlander Investment Management (SFIM) has been awarded a £26m (E44m) mandate by Hammerson group management pension & life assurance scheme.
The benchmark for the mandate is 80% UK equities/20% index-linked gilts and SFIM will advise on the appropriate asset allocation.
The index-linked element will be achieved via an indexed fund. Sturat Haydon, company secretary at Hammerson, says the group looked at a handful of managers before selecting SFIM: "We liked their whole investment process which was more suited to our own approach."
Prudential was the previous manager to the mandate and consultants were Kerr & Company.