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Baring targeting institutional cash with new funds

Baring Asset Management is offering a range of unit-linked life funds to

run alongside its existing Oeic range for institutional investors.

The funds are aimed at both defined-benefit and defined- contribution

occupational pension schemes investing in pooled funds.

The new funds will be invested through a branch of ING-owned Dutch insurer

Nationale-Nederlanden, which has been “passported” to the UK so Baring can

take advantage of the tax and admin breaks under life office regulations.

Baring says the investment vehicle will provide a life company fund of

funds wrapper for its overseas equity and bond Oeic sub-funds and cash unit

trusts.

Baring has appointed Simon Hallett as senior European investment manager

in the European equity team. Based in London, he will lead the research of

companies in the technology segment. He joins from IAI International.

Baring head of UK institutional pooled funds, sales and client service

Keith Thomas says: “We are delighted that, by working with

Nationale-Nederlanden, it has enabled us to develop a life company

structure very efficiently as the investment vehicle for a range of equity

and bonds in which UK-exempt approved pension schemes are able to invest.”

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