Cardano appointed by the Trustees of the 270 million Express Newspapers 1988 Pension Fund. Cardano will take fully delegated responsibility for managing the overall relationship between the Fund’s assets and liabilities.
“The Express Newspapers trustees are very open to new ways of investing and controlling risks, so we are delighted to be working with them,” says Richard Dowell, head of client management for Cardano UK. “Our Solvency Management service means that they will get the benefits of dynamic asset allocation, risk management and manager selection, all implemented by Cardano. The financial markets are currently throwing up a lot of good opportunities, which Express will be looking to benefit from.”
“We have chosen Cardano because their focus is our funding ratio, which is our primary focus as trustees,” says Paul Rudd, chairman of the trustees at Express Newspapers. “Cardano are prepared to accept fully delegated responsibility and to be paid based on results. Recent times have illustrated the need to maintain a diversified portfolio and have a dynamic approach. Cardano offers all of these things.
D.C.