Capital Dynamics wins West Mids mandate

UK fund-of-funds manager Capital Dynamics has won a £95m discretionary mandate from the West Midlands Pension Fund, a £7.2bn pension plan.

The London-headquartered firm will invest the money in all Asia, Australia and New Zealand.

The mandate comes around 18 months after Capital Dynamics opened its Hong Kong office, which is led by head of Asian investment, Markus Ableitinger.