Invesco and Lombard Odier Darier Hentsch have parted company with the UK's £1.8bn (€2.6bn) Staffordshire County Council pension fund following a manager reorganisation. Lombard Odier did not pitch for its old mandate and Invesco's bid was "unsuccessful", the fund said.

Lombard Odier has been replaced by Insight Investment on a £250m active global bond mandate, and Invesco Asset Management has lost out to Russell Investment Group on a £110m Asia Pacific active equity brief.