(Reuters) British hedge fund Man Group said on Wednesday its FRM unit had been appointed by the 1.4 billion pounds ($2.16 billion) Clwyd Pension Fund to manage its hedge fund investments. The pension fund has 9 percent of its assets allocated to hedge funds and managed futures, a statement by Man said, which would mean assets of around 126 million pounds.
Man Group Unit Wins Mandate from $2.2 bln Clwyd Pension Fund
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