UK - The London University pension fund has awarded a £70m (€102.5m) Continental European equities brief to Newton Investment Management.

Newton, part of Mellon Financial, said it has won the mandate from the Superannuation Arrangements of the University of London.

"We at SAUL are looking forward to working with Newton on this European equity mandate," said SAUL chief executive Penny Green.

"We found their global thematic approach to investment to be a key differentiator in the selection process."

"Global perspective is tremendously valuable for specialist European equity mandates and it is Newton's global expertise and strong investment process that places us in an ideal position to provide appropriate investment solutions," added Newton CEO Helena Morrissey.

"We look forward to establishing a mutually beneficial relationship with the scheme's representatives and advisors."