Post Office Pension Plan, London, hired INVESCO to manage 130 million...

Post Office Pension Plan, London, hired INVESCO to manage £130 million ($185 million) in U.S. equities. The £18 billion plan terminated incumbent UBS Brinson because it had too strong a style bias and did not fit the new asset allocation for the specialist mandates, said Gerry Degaute, finance director for the Post Office Pension Trustees Ltd. "We had a U.S. value mandate and we managed it to a value style,” said Mark Boylan, London-based chairman of UBS Brinson.