HewittHewitt Associates said 80 pct of its pension fund clients› manager selections last year were for unconstrained equity investments with either a UK or global focus. A third of the 150 investment mandates the consultancy advised on last year also employed an unconstrained equity approach, it said. So-called ‹unconstrained› investment mandates give the manager some leeway with regards to meeting and following underlying benchmarks, Hewitt said.

Thomson Investment Management News