Somerset County Council Pension Fund, Taunton, England, selected Standard Life Investments to run £200 million ($369 million) in active U.K. bonds, confirmed Dale MacLennan, an investment director at Standard Life.
Standard Life took over the portfolio six months ago when the previous manager, which Mr. MacLennan would not identify, was terminated. Standard Life already ran £240 million in active U.K. equities portfolio for Somerset.
Anton Sweet, Somersets funds and investments manager, was out of the office and unavailable for comment. The fund issued an RFI in March.