Legal & General : Wellcome Trust Pension Plan appoints L&G for fiduciary management mandates

About this update from Legal & General Group Plc

L&G's Asset Management business has today announced its appointment as fiduciary manager to the Trustees of the Wellcome Trust Pension Plan and the Genome Research Limited Pension Plan, overseeing £800 million of assets on behalf of more than 3,500 members. The decision follows a competitive selection process led by IC Select. Under the fiduciary management (OCIO) mandate, L&G will deliver strategic investment advice across all aspects of the Plans' portfolios, alongside integrated portfolio management, holistic risk oversight and strengthened operational resilience. The investment approach will bring together tailored, responsibly managed growth portfolios and climate-aligned credit strategies with bespoke liability hedging solutions. L&G's £1.2 trillion Asset Management business delivers fiduciary management and OCIO services to institutional investors of all sizes, providing access to diverse investment opportunities and customised solutions across the full breadth of public and private markets.

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