Shropshire Pension Picks Brevan Howard

Aug 26 2013 | 10:30am ET

An English county pension fund has hired Brevan Howard Asset Management.

Brevan Howard was selected from 30 applicants for the mandate from the Shropshire County Pension Fund. The £1.25 billion pension had sought one or more managers to handle a hedge fund allocation with client-specific performance objectives.

Brevan received the allocation on Aug. 1.

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