South Yorkshire Pensions Authority, Barnsley, England, hired Henderson Global Investors to run up to £300 million ($452 million) in U.K. corporate bonds, said John Hattersley, manager of the £3.8 billion fund.
Henderson replaces UBS Global Asset Management and WAMCO, which managed £200 million each in bond mandates that included government debt. The mandate was changed to focus only on corporate debt, Mr. Hattersley said; government bonds are now managed internally. UBS and WAMCO were able to rebid.
Hymans Robertson assisted.