Ringway Group Ltd., Horsham, England, hired Investment Solutions to manage its three defined benefit plans, with combined assets of £10 million ($18.4 million), according to Richard Dinham, senior investment manager at Investment Solutions. The firm will use a multimanager approach, Mr. Dinham said. Investment Solutions replaced several other managers; he was not able to supply additional information. Calls to Kelly Hocker, Ringway spokeswoman, were not returned by press time.
In a news release, Robin Withers, Ringway company secretary, said the multimanager approach would "simplify our investment manager arrangements."
