Davis Service Group Retirement Benefit Scheme, London, appointed SEI Investments to a £53 million ($74 million) global equity manager-of-managers mandate, said Malcolm Hoskin, secretary to the £77 million plan. Incumbent Schroders was terminated because of 'non-performance,' he said. Charlotte Rose, Schroders spokeswoman, would not comment.
BGI continues to manage the balance of assets in a passive global fixed-income portfolio, added Mr. Hoskin.
