Henderson axed at Falkirk

Manager suffers 15% shareholder vote against pay plan

The £860m (€1.3bn) Falkirk County Council pension fund in Scotland has overhauled its managers, parting company with Henderson Global Investors and appointing Newton Investment Management for a £150m global equities mandate.

The changes come as part of a strategy to move the fund away from traditional multi-asset mandates to single manager specialist briefs.

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