Reuters – Man Group has won a mandate to run 1.2 billion euros (1.0 billion pounds) for German pension fund BVK, as the world’s biggest listed hedge fund firm tries to woo clients after bleeding assets during the crisis.
The mandate, mentioned in Man’s January trading statement, will see Germany’s largest public pension fund Bayerische Versorgungskammer invest this year in so-called managed accounts — portfolios where the investor still controls the assets.
