Pension Protection Fund (PPF), Croydon, England, has appointed nine transition managers. The pension fund has reappointed BlackRock and Goldman Sachs International to its panel, adds Pensions & Investments.
Other managers appointed were Mellon Transition Management, Citigroup, Credit Suisse Group, JPMorgan Worldwide Securities Services, Legal & General Investment Management, Morgan Stanley and Russell Investments. State Street Corp., which was among the fund’s three incumbents, did not tender again.
Click here for the release from Pension Protection Fund.
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