In brief
Staffordshire goes for Record
Staffordshire County Council, based in Stafford, UK, has appointed Record Currency Management to run a specialist active currency overlay for its £1.69 billion ($2.76 billion) pension fund. The council initiated the search for a currency manager in August 2007 to take on a portfolio valued at between £500 million and £1 billion, and has confirmed Record was chosen from five applicants to run the contract.
BoNY Mellon takes stake in IDCG
Bank of New York Mellon has
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