Phillips & Drew has won a £25m (€40m) passive mandate with the pension fund of UK-based Tenneco Automotive.

The UBS-owned investment house replaces Edinburgh Fund Managers following a review at the scheme. P&D will run a balanced mandate, half of which will be invested in equities and half in bonds.

Phillips & Drew wins passive mandate at Tenneco

Maha Khan

Tenneco

Conoco

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