The £528.2m London Borough of Waltham Forest Pension Fund has axed Danish asset manager Bankinvest from running a global equities mandate. The mandate – which at 31 March last year accounted for 35%, or £184.8m, of the fund – was terminated as part of a wider review of the fund’s investment strategy. Bankinvest delivered a -2.5% relative performance against the benchmark in 2010/11.
London Borough of Waltham Forest Pension Fund
7 Feb 2012
The £528.2m London Borough of Waltham Forest Pension Fund has axed Danish asset manager Bankinvest from running a global equities mandate. The mandate – which at 31 March last year accounted for 35%, or £184.8m, of the fund – was terminated as part of a wider review of the fund’s investment strategy. Bankinvest delivered a -2.5% relative performance against the benchmark in 2010/11.
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The £528.2m London Borough of Waltham Forest Pension Fund has axed Danish asset manager Bankinvest from running a global equities mandate. The mandate – which at 31 March last year accounted for 35%, or £184.8m, of the fund – was terminated as part of a wider review of the fund’s investment strategy. Bankinvest delivered a -2.5% relative performance against the benchmark in 2010/11.
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