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Stiftung Auffangeinrichtung BVG is preparing to hand out a second corporate bonds mandate worth CHF200 million (GBP134.5 million). The mandate will cover a global universe, excluding financials. A shortlist of Swiss and global managers is already being compiled. Deutsche Bank is the incumbent manager, but Tobias Pfenninger at BVG's investment department told iiSEARCHES the fund wants a backup in case the DB case blows up.
DB has been on watch since the start of the year due to concerns over...