Jersey scheme reshuffles managers and buys equities

The £600m (€862m) Jersey Public Employees Contributory Retirement scheme has appointed four new fund managers to run almost half its assets following a shift in investment strategy.

JPMorgan Fleming Asset Management and Deutsche Asset Management, the fund's two balanced managers, have been axed by the local authority scheme following adoption of a specialist investment strategy and an increase in equities exposure.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line