Surrey County (U.K.) Council Pension Fund, Kingston Upon Thames, England, hired Schroders to manage £35 million ($62.8 million) in specialist European equities, effective Oct. 1, said Julian Samways, Schroders group head of corporate communications. The new allocation is part of the £1.1 billion pension fund's move to a core-satellite specialist structure. Watson Wyatt assisted, said Michael Taylor, the council's executive director, performance and resources. The portfolio will be funded from a rebalancing of assets as a result of the new strategy. Deutsche Asset Management and Baring Asset Management have been terminated because of the move to the new structuBaring Asset Managementd Baring Asset Management have been terminated because of the move to the new structure, said Mr. Taylor.