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MANCHESTER NAMED TOP FUND

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Greater Manchester Pension Fund, run by Tameside MBC, was this week named Fund of the Year at the fifth annual Publ...
Greater Manchester Pension Fund, run by Tameside MBC, was this week named Fund of the Year at the fifth annual Public Treasurer Investment Awards.

Greater Manchester beat stiff competition from the London Pensions Fund Authority and the West Midlands Pension Fund, run by Wolverhampton MBC. The award was sponsored by State Street Global Advisors.

Report of the Year, sponsored by Fidelity Investments, went to Aberdeen Council, while Middlesbrough BC's Fred Green was named Investment Manager of the Year.

The Baillie Gifford-sponsored award for UK Equities went to Somerset CC. Orkney Islands Council landed the Overseas Equities prize, sponsored by Scudder Investments.

Hackney LBC won HSBC Asset Management's total equities award, while Westminster City Council scooped Foreign & Colonial Institutional's European Equities (excluding UK) prize.

Prudential Portfolio Managers' UK Bonds award went to Brent LBC, which also landed the Global Bonds prize, sponsored by Henderson Investors. Powys CC won Norwich Union's UK Index Linked Award.

The winner of this year's Public Treasurer/Prudential Portfolio Managers Investment Challenge was Gloucestershire CC's investment manager Jerry Morrell. Mr Morrell turned a notional£100 million into more than£159m in a year.

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