10 October 2007
The mandate will be invested in the FOUR Focus Equity Fund which holds a concentrated portfolio of UK equities.
FOUR was established in 2006 and is majority owned by its founding partners, Ted Williams, Chris Rodgers, Tom Carroll and Derrick Dunne.
Ted Williams said “We welcome this vote of confidence in our firm. We are looking forward to a long and mutually beneficial relationship with News International”.
Rosie Kumik, Pensions Manager of News International said “We are confident with the FOUR investment approach and believe the quality and experience of the investment team will deliver superior results for our scheme”.
Derrick Dunne said “We are very pleased with the progress of the business to date. We have made considerable progress with consultants and multi-managers in a short time but, most important of all, the investment team is producing strong performance for our clients”.