Volkswagen Group U.K. Pension Scheme, Milton Keynes, England, has appointed Baring Asset Management as a multi-asset manager, Pensions & Investments reports. Barings has been awarded a mandate of £23 million.
The assets are a quarter of the scheme’s £92 million defined contribution default option. Baring Asset Management is a global investment management firm with offices, clients and business lines spanning the world’s major markets.
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