Man Group unit wins mandate from $2.2 bln Clwyd Pension Fund

November 4, 2015 9:10 AM

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LONDON Nov 4 British hedge fund Man Group said on Wednesday its FRM unit had been appointed by the 1.4 billion pounds ($2.16 billion) Clwyd Pension Fund to manage its hedge fund investments.

The pension fund has 9 percent of its assets allocated to hedge funds and managed futures, a statement by Man said, which would mean assets of around 126 million pounds.

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