The BAA Pension Scheme has appointed Cardano to act as its investment advisor.
Cardano will advise the scheme’s trustees on all aspects of their investment arrangements, including asset allocation, liability hedging and manager selection.
Gordon Dewar, chairman of the BAA trustees, said: “We chose Cardano because we liked their focus on the big picture. We need to manage our funding level and we were impressed with Cardano’s insights into how we could improve and stabilise our funding position.
“We are looking to achieve good investment returns, but also to control the risks relative to our liabilities. We believe that Cardano are well placed to help us with this, given their active investment views and original approach.”
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