US/UK – The 300 million pound (457 million euro) pension fund of De Beers’ diamond marketing arm, the Diamond Trading Company, has appointed SEI Investments as manager for a 117 million pound (178 million euro) UK and global equity mandate.

SEI is the world’s largest manager-of-managers investment company and has enjoyed numerous mandate wins across Europe in the last two years, as the strategy gains increasing acknowledgement for its cost-efficiency.

Says Nigel Down, institutional client service director at SEI: “The fact that DTC has decided to opt for a manager-of-managers solution is clear evidence of the growing popularity of this approach.”

The mandate win is SEI’s largest from a UK pension fund to date, and the company now has between 650 and 750 million pounds in assets under management in the UK. Worldwide this figure is around 78 billion dollars.


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