SEARCHES AND HIRES

West Sussex County sticks with Baillie Gifford for balanced fund strategy

West Sussex County Council Pension Fund, Chichester, England, rehired Baillie Gifford to manage a £1.2 billion ($1.9 billion) balanced fund allocation, said an official for the pension fund’s sponsoring council.

The allocation makes up more than half of the £2.6 billion pension fund’s total £2.2 billion allocation to balanced portfolios. UBS Global Asset Management manages the remainder.

The hire follows a search launched in September.