The £22bn (€35bn) Universities Superannuation Scheme has awarded a £225m enhanced index mandate to Henderson Global Investors, identical to the one it recently gave Merrill Lynch Investment Managers.
Until now the fund has managed £4.5bn of its total portfolio on a passive basis, which it has done in-house with advice from HSBC's quant team. Peter Moon, the scheme's chief investment officer, said: "We have now allocated 10% of the passive portfolio to enhanced indexing.
