Northern Trust gets a £11m multi-manager brief
UK – The pension fund for leather manufacturer and exporter Scottish Tanning has awarded Northern Trust Global Investments (NTGI) Europe a £11m multi-manager mandate.
The brief is a global one, covering UK and overseas equities and UK bonds. Scottish Tanning is advised by William M Mercer.
“This appointment endorses our extensive experience and track record in providing a multi-manager offering to clients and builds on the over £200m of multi-manager assets we won last year,” says Amit Popat, director of sales at NTGI Europe.
“The manager of managers approach continues to attract substantial interest from UK and European pension funds and we are confident this trend will accelerate over the next few years,” he adds.
NTGI managed, at the end of 2000, £220bn (e353bn) of assets globally, including some £10.6bn in multi-manager funds.