UK – The McCain Foods pension and life assurance scheme has appointed multi-manager Attica Asset Management to manage its entire portfolio of around 50 million pounds (72.6 million euros) in assets.

The appointment follows a manager selection exercise undertaken by the scheme’s trustees. The mandate is to be managed against a multi-asset fixed weight benchmark, comprising UK equities, overseas equities and UK fixed income.

McCain Foods finance director Geoff Dent said that both traditional balanced management and multi-manager concepts were considered before opting for the latter.

Attica Asset Management has 300 million pounds in assets managed on the behalf of 28 institutions, including 23 UK corporate pension funds.

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