Electricity scheme shifts £1bn property brief

The Electricity Supply Pension Scheme, which last week terminated F&C Asset Management from managing its property portfolio, has found a new manager for the £985m (€1.46bn) brief.

The business will now go to CB Richard Ellis Investors, the property funds affiliate of global real estate group CBRE.

WSJ Logo
Bill Ackman’s Pro-Tennis Debut Lasted 67 MinutesExternal link

Bill Ackman’s Pro-Tennis Debut Lasted 67 Minutes