UK – The £36.7bn (€59.5bn) British Coal Staff Superannuation Scheme and the Mineworkers’ Pension Scheme have re-appointed Lasalle Investment Management to run their combined £2.6bn (€4.2bn) property portfolios.
David Morgan, chief executive of Coal Pension Trustees Services, which looks after the two schemes, says Lasalle has consistently outperformed what he calls a demanding benchmark. Its policy weightings and active management style were other key factors in the re-appointment.
The mandates represent the Lasalle’s largest account.
The schemes’ assets are invested in a variety of asset classes and other investment managers include Rothschild, Fidelity, Goldman Sachs and Schroders.