Two local authorities give Investec cash

West Wiltshire District Council and Newcastle-Under Lyme Borough Council have appointed Investec Guinness Flight's (IGF) liquidity management team for mandates totaling £25m.

West Wiltshire's mandate is worth roughly £9m, while the Newcastle-Under-Lyme mandate amounts to £15m. The consultants were Sector Treasury Services and Butlers, respectively, says Christopher Oulton, head of institutional business development at IGF.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire