British American Tobacco's Swiss pension fund, Lausanne, hired...

British American Tobacco’s Swiss pension fund, Lausanne, hired Northern Trust Global Investments to run the £270 million ($391 million) plan in a manager-of-managers strategy, said Kevin Rochford, managing director, NTGI Europe. The fund’s assets will be divided among Swiss equities, Swiss bonds, global equities and global bonds, he said. Plan officials do not want to disclose the previous manager, said Mr. Rochford.