The £21mUK Boosey & Hawkes pension scheme has handed a £10m fixed-income mandate to Baring Asset Management, slicing in half the assets the fund invests through Phillips & Drew.

Baring’s brief is to outperform within strict risk tolerance levels a benchmark based on over 15 year gilts and corporate bonds and over 5 year index-linked gilts .

Dick Holland, chairman of the trustee directors of the Boosey and Hawkes pension scheme, comments: “We went through an extensive selection process and decided to appoint Baring Asset Management because of its investment process and fixed income capabilities. We look forward to working with the team.”

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