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NPF European Pension Fund in Russia has signed an asset management contract with Deutsche UFG Capital Management, a subsidiary of Deutsche Bank. The subsidiary will manage fixed income investments in NPF's pension savings portfolio. The move is an addition to two incumbents, Allianz Rosno and Pioneer Investments. "Our fund had the leading performance figures amongst non-governmental pension funds in Russia at the end of last year, and we hope that the new partnership will help us maintain this strong position in the current global market conditions," said Managing Director Alexey Bulavin in an official statement.
The fund divides its investment portfolio into a dynamic and a...