Fife cuts Henderson brief by £250m

A multi-asset class brief managed by Henderson Global Investors for a local authority pension fund has been reduced by at least £250m (€370m) to afford a shift to a more specialist investment structure.

The £1bn Fife Council pension fund tendered the equities portion of Henderson's brief in February. The manager currently holds a portfolio worth 35% of the fund which will be reduced as the restructuring is implemented.

WSJ Logo
Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached