Deutsche Asset Management is among a trio of global equity managers appointed by Hertfordshire County Council Pension Fund, marking the German asset manager's first disclosed UK mandate win since the sale of its London-based institutional business in 2005.
The £2.2bn (â¬2.8bn) local authority pension scheme has appointed Deutsche Asset Management, JP Morgan Asset Management and RCM to run active global equities mandates worth £200m each. The move is intended to increase the fund's global equities holdings at the expense of its UK equities allocation.
