BELGIUM – The strategic alliance created by London-based Singer & Friedlander Investment Management (SFIM) and Antwerp-based private bank, Bank Corluy Effectenbankiers (Corluy), has landed its first mandate, a €27m balanced equity and fixed income portfolio, from the Province of East Flanders pension fund in Belgium.

SFIM will take care of the pan-European equity portion, whilst Corluy will manage the fixed income element, which comprises euro government bonds.

According to SFIM, the win is part of a total €125m balanced mandate that was formerly run by Dexia Asset management but has since been split into three portions.

No details are yet available about the other two portions of the mandate.