An £80m (€129.5m) global equities mandate is up for grabs at the £2bn City of Edinburgh Council Lothian pension scheme in Scotland.

The UK local authority fund, which is renowned for its use of specialist managers, conducted a structural review and decided it needed to invest in another specialist geographic region. It is already split into US, European and UK equities.

Lothian pension fund tenders £80m global equities mandate

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The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

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The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

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The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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