| August 9, 2022
On the go: The Unisys Pension Scheme, the Unisys Payment Services Pension Scheme (Unisys Section) and the Unisys Public Sector Pension Scheme have appointed Cardano as fiduciary manager.
The manager was hired to run the three schemes — with a combined £1.2bn in assets — following a competitive tendering process carried out in January this year.
Cardano will provide services including investment advice, investment management, sustainable investing and risk management.
According to Independent Trustee Services director and Unisys schemes’ trustee chair Hetal Kotecha, Cardano was appointed “after a governance review and a competitive selection process”.
“We were attracted by Cardano’s integrated approach to pension investing and risk management and we look forward to working together for the benefit of our schemes’ members,” Kotecha said.
Cardano partner Patrick Cunningham added: “Our focus will be on integrated consideration of funding and investment risks to achieve steady improvement in the schemes’ funding levels over time and across a wide range of market scenarios.”
This article originally appeared on MandateWire.com
