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BRIEF-Serco appoints Blackrock for a 1.5 bln stg liability driven investing portfolio
July 20, 2017 / 8:23 AM / 5 months ago

BRIEF-Serco appoints Blackrock for a 1.5 bln stg liability driven investing portfolio

July 20 (Reuters) - Serco Group Plc

* Serco appoints Blackrock for a 1.5 bln stg LDI mandate

* Trustees of Serco pension scheme have appointed Blackrock to manage its liability driven investing (LDI) portfolio

* Appointment follows a competitive tender process, coordinated by scheme’s investment consultant​​

* LDI strategy has now been aggregated into one portfolio managed solely by Blackrock Further company coverage:

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