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Standard Life fund arm wins 200 mln pound mandate

Tue Oct 7, 2008 6:39am EDT

LONDON, Oct 7 (Reuters) - British fund house Standard Life Investments (SLI) said on Tuesday it has won a mandate from Somerset County Council to manage an aggregate bond portfolio valued at around 200 million pounds ($350 million).

Andrew Sutherland, head of credit at Standard Life Investments, will be the fund manager responsible for managing the portfolio. He will aim to outperform a composite benchmark which includes government, corporate and high yield bonds.

As of June 30, SLI manages more than 46.7 billion pounds in bonds around the world. (Reporting by Joel Dimmock; Editing by Greg Mahlich) ($1=.5692 Pound)


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