Equity appoints JPMorgan and Union Bancaire to invest £500m
Equity Insurance Group has appointed JPMorgan Asset Management and Union Bancaire Privée to equally manage its £500m insurance portfolio. They have been chosen to manage the assets to an absolute return objective of Libor plus 1.5%.
Currently Equity funds are entirely in short dated bonds but the company wished to appoint managers able to achieve higher returns within strict risk parameters. The mandate allows the managers theOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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