The £350m (€563m) H J Heinz pension plan and City & Guilds charitable investment fund have appointed Rothschild Asset Management. to run a £43m bond mandate and a £16m UK equity and bond mandate respectively.

The £43m bond portfolio for Heinz, the UK processed foods manufacturer, invests in a combination of UK and international bonds with a benchmark of 60% UK gilts, 20% UK index-linked gilts and 20% overseas bonds with an objective of outperforming the benchmark by 1% per year.