River and Mercantile wins options mandate

River and Mercantile wins options mandate

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Royal Mail Pension Plan has appointed River and Mercantile to manage a £700m options mandate.

R&M was appointed by Royal Mail Pension Plan in April and the structure of the mandate was designed and executed throughout May.

“We are constantly seeking new ways to drive and manage returns on behalf of our members in the most efficient and risk-focused manner possible. Today’s announcement is part of our ongoing risk mitigation investment strategy," said Ian McKnight, chief investment officer at Royal Mail Pension Plan.

The mandate will use structured equity to manage equity risks.

“We continue to see significant demand from pensions and institutional clients for structured equity to shape the profile of investment returns for defined benefit pension plans," said James Barham, global head of distribution at R&M.

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