The 600 million ($930 million) Vauxhall Motors Ltd. common investment fund, Luton, England, hired NatWest Investment Management to run a 85 million ($132 million) passive U.K. equities portfolio that tracks the FTSE-350 index. The common investment fund includes assets from four Vauxhall pension plans.
The portfolio had been managed by State Street Global Advisors, said Des MacIntyre, manager of pension investment analysis