Compass Group, the UK hospitality company, has strengthened its relationship Frank Russell, awarding the US fund manager further £500m (€794.8m) of pension fund assets to manage.

The balanced mandate brings Frank Russell's assets under management for the Compass funds to £650m. It already runs a £150m balanced portfolio for another of the Compass pension funds. There are no plans, said the firm, to merge the two.

Frank Russell wins £500m mandate from Compass

Maha Khan

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