Shropshire County Council Pension Fund, Shrewsbury, England, hired Goldman Sachs Asset Management and Majedie Asset Management to run £110 million ($206.5 million) and £55 million, respectively, in active U.K. equities, said Graham Chidlow, head of finance for the county. The managers replace Deutsche Asset Management, State Street Global Advisors and Barclays Global Investors, which each ran about £55 million in U.K. equities for the £670 million pension fund. DeAM and BGI managed active mandates and SSgA managed a passive portfolio for the plan.
Mr. Chidlow said the changes were not performance-related and were the result of a regular review by consultant Russell Investment Group.
