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HSBC wins frontier equity mandate
11 February 2014
Cornwall Pension Fund chooses the asset manager
Cornwall Pension Fund has chosen HSBC Global Asset Management
as one of two managers to collectively manage £60m in
active frontier market equities.
The £1.4bn pension fund has restructured its equity
programme which represents 25% of total assets. The programme
now comprises 60% global equities, 20% active emerging market
equities and 20% active frontier market equities.
"Like all pension funds, we are focused on where we are likely
to see investment growth in the future. We are confident that
in HSBC Global Asset Management we have secured a partner with
deep insight into the companies that will be at the forefront
of the growth in the next wave of developing economies," said
Matthew Trebilcock, pension investment manager of Cornwall
Julian Brown at JLT Investment Consulting advised Cornwall on
this strategic allocation and consultancy firm bfinance
assisted with the manager search.
The HSBC frontier markets equity strategy invests across more
than 25 frontier market countries.