BGI loses £200m bond mandate at UK fund

Wednesday 29 August 2001 at 16:00

Barclays Global Investors has lost half of its bond mandate with the £1.2bn (€1.9bn) T&N pension scheme, after the fund decided to allocate some of its portfolio to active management.

BGI, one of the most successful and largest passive managers in the UK, lost £200m after T&N, advised by Watson Wyatt, split its bond portfolio into both active and passive.