The trustees of the Southern Electric Group’s Electricity Supply Pension Scheme, which has more than 1 billion of assets, appointed Cardano to provide them with the full range of investment advice, including strategy and fund manager selection.
“We are delighted to have been appointed by the Southern Electric trustees,” says Kerrin Rosenberg, CEO at Cardano in the UK. “Our approach examines the benefits of a wide range of investments, including the use of a number of ‘alternative’ asset classes, to diversify risk. This is an approach that fits well with Southern Electric, and we look forward to working with them.”
This win follows the appointment of Cardano by AstraZeneca earlier this month.
“We selected Cardano for a number of reasons, not least our confidence in their team,” says Jim McPhillimy, chairman of trustees at Southern Electric. “We also appreciate their willingness to bring new ideas to the Trustees and their focused and hands on approach.”