Two BNY Mellon Asset Management firms have been awarded global equity mandates by Japan’s Government Pension Investment Fund (GPIF), Trading Markets reports. Newton Investment Management and Walter Scott & Partners have been hired by the Japanese public pension fund to run global equities ex-Japan.

The members of the global equity teams at London-based Newton and Edinburg-based Walter Scott will oversee the two individual mandates. Each mandate will be benchmarked to the MSCI Kokusai index.

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