UK – The Thermofil Polymers Pension Scheme(TPPS) has appointed Northern Trust Global Investments to run a £4.7m (€7.7m) multi manager brief.

TPPS is the pension plan of Asahi Thermofil (UK) Ltd, the thermoplastics manufacturer.

Amit Popat, director of sales at NTGI (Europe) comments: The multi-manager investment approach is fast becoming increasingly popular amongst European investors and we will be expanding our product range to fulfil the increased investor appetite.

NTGI has £234bn in global assets under management, of which £10bn is in multi-manager funds.