Asset manager, Unigestion, has won a segregated mandate from Railpen Investments, which manages €21 billion in assets, IPE reports. The companies did not disclose the size of the mandate. Railpen’s assets will be handled under its minimum variance global equity strategy, which aims for non-correlated returns and a reduction of risk over the long term. The company, which manages assets for rail-related pension schemes in the U.K., also hired Paul Bishop as head of investment management.
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