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Chevron Texaco hires CSAM for UK bond brief

UK – Chevron Texaco pension scheme has appointed Credit Suisse Asset Management as manager for a 70 million pound (98.9 million euro) UK fixed income portfolio.

The brief will have a composite benchmark composed of long gilts, index linked gilts and credit.

Ian Fishwick, head of UK fixed income at CSAM in London will be leading the team responsible for the mandate.

Credit Suisse Asset Management has approximately 185.4 billion pounds in assets under management.

The Chevron Texaco pension scheme had 580 million pounds (819 million euros) in assets as of end of June 2003.

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