UK - The Royal County of Berkshire pension fund has pulled plans to appoint an Asia-Pacific investment manager.

Nick Greenwood, pension fund manager, told IPE the £1.5bn (€2bn) fund has withdrawn its intention to appoint a manager to look after an Asia-Pacific portfolio worth £80m, but declined to reveal further information about its decision.

His predecessor Jack Johnson said in December 2006 its existing Japan-only manager Schroders - looking after a £50m mandate - was under review while also investing in unit trusts covering the Asia-Pacific.

It is therefore unclear whether Schroder has been retained as an asset manager in these markets, as the published notes of the pension fund reveal Schroder still managed 2.9% or £43m of the fund's assets to March 31, 3007.

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