On the go: Norfolk County Council has extended the duration of its passive investment management services framework and transition management and implementation services framework for an additional year as a result of the Covid-19 pandemic, according to notices on the Official Journal of the EU.
The expiry dates are now March 31 2022 for the passive investment management framework and November 30 2022 for the transition management framework.
The maximum duration of contracts let under the framework remains unchanged.
BlackRock, Deutsche Asset Management, Legal & General Investment Management and UBS Asset Management were initially hired for the passive management framework in June 2017.
The transitions management framework is split across three lots and companies were appointed in January 2018.
For lots one and two, transition management and implementation services and transition execution services, BlackRock, Goldman Sachs, LGIM, Macquarie Capital, Northern Trust and Russell Investments were appointed.
For lot three, transition management advisory services, the hired companies were MJ Hudson Allenbridge, Hymans Robertson and Mercer.
This article originally appeared on MandateWire.com
