State Street Global Advisors, the investment management arm of State Street Corporation, announced that it has been selected by the Volkswagen Group Pension Scheme to run a GBP 70 million enhanced U.K. equity and passive U.K. bonds mandate.
The mandate, which utilises a multi-asset strategy, seeks to add value to a fixed-weight benchmark composed of the FTSE All-Share Index and a number of FTA UK fixed income indices.
Kanesh Lakhani, head of European marketing and consultant relations at State Street Global Advisors said: “SSgA has extensive experience in providing a diversified selection of strategies across the investment spectrum. We look forward to helping Volkswagen achieve its aim of consistent added value in a risk controlled framework.”