mast image

Special Report

Impact investing

Sections

Mn Services wins £450m fiduciary management mandate in UK

Related images

  • Mn Services wins £450m fiduciary management mandate in UK

UK - The €69bn asset manager Mn Services has been awarded a fiduciary management mandate in the UK, worth £450m (€523m).

The award comes from the trustees of Delphi Pension Schemes, the UK retirement vehicle for the car parts manufacturer, and will see Mn monitor the schemes' funding ratio, as well as oversee strategic asset allocation and risk management.

Ruud Hagendijk, chief executive of Mn Services said he was extremely proud of the award and commented: "Together with the other fiduciary management appointments in the UK in 2010, it is clear that fiduciary management model is as relevant to trustees here in the UK as it is in the Netherlands.

"Having gained six UK clients with £1.2bn in assets puts us far ahead of our original plans, and confirms to us [that] Mn Services' proposition has clear added value for UK trustees," he added.

In addition to the above-mentioned duties, Mn will also handle manager selection, cash management, currency overlay management, custody management and all socially responsible investment aspects for Delphi.

Previous UK appointments for the asset manager, which recently filed a lawsuit against Royal Bank of Scotland over the banks' exposure to the US sub-prime market, include the pension fund for Macmillan Cancer Support.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<